Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation offers important lessons.
Recent bill would boost public participation and reduce capture in the regulatory process.
When considering future inspection practices, regulators should heed lessons from history.
Policymakers cannot know whether the trend Verkuil identifies is good or bad, but we should find out.
Public Citizen and the Coalition for Sensible Safeguards convened panels of regulatory experts.
OECD report calls for agency independence to serve as a bulwark against breakdowns in the regulatory process.
Learn about the history of regulatory capture, its effect on public policy, and remedies for addressing corruption.
According to experts on a recent panel, identifying, measuring, and tackling capture should be a top priority for government.
Regulatory capture is hard to pin down, its elusiveness stemming from four principal factors.
Rent-seeking and profit-seeking behavior provide valuable insights into the concept of regulatory capture.
Regulatory capture’s antecedents in political thought—which date back to ancient Greece—inform the modern concept.
Enforcement decisions are oft-overlooked, yet such decisions merit heightened scrutiny if regulatory capture is to be reined in.