Concept information
Terme préférentiel
capture theory of regulation
Définition
- The capture theory of regulation was first developed by the economist and 1982 Nobel laureate George Stigler. Regulation of industry is generally thought to be a government function designed to protect consumers by setting safety standards and ensuring good practice in production processes and sometimes through price regulation. [Source: Encyclopedia of Power; Capture Theory of Regulation]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-CRZS0N0Q-V
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