Econ 4th Edition Chapter 15, Problem 4P

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(Theories of Regulation) 

Why do producers have more interest in government regulations than consumers do? 

 a. Compare and contrast the public interest and special-interest theories of economic regulation. What is the capture theory of regulation? 

 b. Which theory of regulation explains why the massive fraud of Bernie Madoff went undetected for years?

    • 9 years ago
    (Theories of Regulation) Why do producers have more interest in government regulations than consumers do? a. Compare and contrast the publicointerest and special-interest theories of economic regulation. What is the capture theory of regulation? b. W
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