Public and special-interest theories of economic regulation

Reference no: EM13694613

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: EM13694613

Questions Cloud

Determine the reaction function for each firm : The market demand in a homogeneous-product Cournot duopoly is P=200-3(Q1+Q2) and costs are C1(Q1)=26Q1 and C2(Q2)=32Q2. Determine the reaction function for each firm.

Compute the net benefits using a discount rate : Consider the following two projects. Both have costs of $5000 in Year 1. Project 1 provides benefits of $2,000 in each of the first four years only. The second provides benefits of $2,000 for each of Years 6 to 10 only.

What caused this explosion in the monetary base : From 2007 to 2011 the U.S. monetary base increased by 200 percent, but M1 and M2 increased by 40 percent and 25 percent respectively. What caused this explosion in the monetary base? Why didn’t M1 and M2 increase by the same percentage as the monetar..

Overhead crane that has an estimated remaining life : The ajax corporation has an overhead crane that has an estimated remaining life of 10 years. the crane can be sold now for $8,000. If the crane is kept in service, it must be overhauled immediately at a cost of $5,000.

Public and special-interest theories of economic regulation : Why do producers have more interest in government regulations than consumers do? Compare and contrast the public-interest and special-interest theories of economic regulation.

Leadership theory is studied in a variety of disciplines : Points that satisfy equilibrium in the goods market, and the LM curve shows the points that satisfy equilibrium in the money market. The intersection of the IS and LM curves shows the interest rate and income that satisfy equilibrium in both markets ..

Effect do open market purchases have on money supply curve : Reducing the required reserve ratio will cause. What effect do open market purchases have on the money supply curve? If the Fed is selling government securities, you would expect

Find the economic order quantity : Find the economic order quantity, total cost and the reorder point, What quantity should be ordered?

Calculate the after tax cash flow for four years : An automobile manufacturing company is considering buying special handling devices for food and beverage manufacture. The new tool has a purchase price of $50,000 and zero salvage value. It is expected that the new tooling would generate annual benef..

User Account

All Pages