type here...

Regulatory Capture

When regulation protects narrow interests – usually the interests of the incumbent industry – at the expense of the public interest. Capture occurs in various ways: from straightforward bribes and threats, to more implicit quid pro quos such as the lucrative future employment (revolving door), to softer forms of cognitive/cultural capture.
“… as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.” George Stigler – The Theory of Economic Regulation (1971)

Regulatory Capture

Does Direct Democracy Reduce Regulatory Capture?

Samantha Eyler-Driscoll
Does direct democracy make regulatory capture harder for industry? Samantha Eyler-Driscoll looks at a new Stigler Center working paper that examines state-level referenda and...
Regulatory Capture

Why Are So Many Executives Running for Office These Days?

Viktar Fedaseyeu
New research documents a sharp increase in the number of corporate executives in elected federal office between 1980 and 2014. But why do they...
Regulatory Capture

How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation

Jihad Dagher
Three hundred years of financial regulation offer a cautionary tale to today’s push against yesterday’s regulations. This column revisits the political economy of financial...
Regulatory Capture

Rethinking Stigler’s Theory of Regulation: Regulatory Capture or Deregulatory Capture?

Steven K. Vogel
Much government regulation does not fit the logic of Stigler’s theory of anti-competitive regulatory capture. In a new book, Steven Vogel of Berkeley argues...
Regulatory Capture

The Only Game in Town: Central Banking as False Hope

Paul Tucker
To accompany Paul Tucker’s mini-course at the Stigler Center this week, we offer here an extract of the former Bank of England Deputy Governor’s...
Regulatory Capture

Prize-Winning Innovations in Measuring Civic Capital and Its Effects

Prateek Raj
The European Economic Association has announced that this year’s Hicks Tinbergen medal will go to ProMarket editor and Stigler Center faculty director Luigi Zingales...
Regulatory Capture

What Glue Holds Communist Capitalism Together in China? Cronyism

Samantha Eyler-Driscoll
With a few cronyist tweaks, China’s communist leaders made capitalism safe for Party rule. But will cronyism become China’s next booming export? The Chinese economy...
Regulatory Capture

What Insights Do Taxi Rides Offer into Federal Reserve Leakage?

David Andrew Finer
Does investment-relevant information leak from the Fed? A new Stigler Center working paper finds surprising and novel evidence in a public dataset.     One of the...
Regulatory Capture

Guns and Votes: The Victory of an Intense Minority Against an Apathetic Majority

Paola Conconi
This column on the "gun-control paradox"—the fact that gun regulations continually fail in the US Congress despite being supported by around 90 percent of...
Regulatory Capture

The Other World Bank Scandal: A New Study Documents How Corporate Collusion Hurts the Bank’s Credibility—and Harms Sustainable Development

Samantha Eyler-Driscoll
While the World Bank scrambles to contain the Doing Business rankings firestorm, a new paper by Rabia Malik and Randall Stone traces a more...
1...212223...31Page 22 of 31

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.