When regulations (or lack thereof) seem to detract from the common good, critics often point to regulatory capture as a culprit. In some academic and policy circles it seems to have assumed the status of an immutable law. Yet for all the ink spilled describing and decrying capture, the concept remains difficult to nail down in practice. Is capture truly as powerful and unpreventable as the informed consensus seems to suggest? This edited volume brings together seventeen scholars from across the social sciences to address this question. Their work shows that capture is often misdiagnosed and may in fact be preventable and manageable. Focusing on the goal of prevention, the volume advances a more rigorous and empirical standard for diagnosing and measuring capture, paving the way for new lines of academic inquiry and more precise and nuanced reform.
The seven chapters that follow offer seven different perspectives on the subject: • Market failure perspective. Joseph Stiglitz gets things ... for example) can serve as a guide for the structuring and regulation of economic activity.
This report exposes how “policy capture”, where public decisions over policies are consistently or repeatedly directed away from the public interest towards a specific interest, can exacerbate inequalities and undermine democratic ...
Baron, David P., and David A. Besanko. 1984a. “Regulation, Asymmetric Information, and Auditing.” RAND ]ournal ofEconomics 15 (4): 447470. Baron, David P., and David A. Besanko. 1984b. “Regulation and Information in a Continuing ...
These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions.
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject.
The book discusses sustainability and law in a multifaceted way. Together, sustainability and law are an emerging challenge for research and science. This volume contributes through an interdisciplinary concept to its further exploration.
This book offers a critical re-evaluation of three fundamental and interlocking themes in American democracy: the relationship between race and politics, the performance and reform of election systems and the role of courts in regulating ...
Bringing together scholars of history, law, and political science, Corporations and American Democracy provides essential grounding for today’s policy debates.
"I read Going by the Book and found it very interesting," he said, "but what I want to know is this: What has the government done about it?" It had to be explained, of course, that unlike Holland, where professors of political science ...
taught to us by Thomas Hobbes and John Locke.2 According to that legend, first there was a “state of nature” without government or law. Private property as we understand it did not exist; land was owned either by no one (Hobbes's view) ...