Explain what is the capture theory of regulation

Reference no: EM13245079

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 of these theories best describes the case of airline deregulation? Which best explains the government's case against Microsoft?

Reference no: EM13245079

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