Regulatory Capture
A Review
Datos Bibliográficos
| ID | 23363397 |
|---|---|
| Autores | Ernesto Dal Bó (0000-0002-1587-9463, University of California, Berkeley, autor de correspondencia) |
| Año | 2006 |
| Volumen | 22 |
| Número | 2 |
| Páginas | 203-225 |
| Fecha de publicación | 2006-06-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Oxford Review of Economic Policy (JOURNAL) |
| Identificadores de la revista | ISSN: 0266-903X • E-ISSN: 1460-2121 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/oxrep/grj013 |
| OpenAlex | W2107912056 |
| Idioma | EN |
| Citas recibidas | 226 |
| Referencias citadas | 32 |
This article reviews both the theoretical and empirical literatures on regulatory capture. The scope is broad, but utility regulation is emphasized. I begin by describing the Stigler–Peltzman approach to the economics of regulation. I then open the black box of influence and regulatory discretion using a three-tier hierarchical agency model under asymmetric information (in the spirit of Laffont and Tirole, 1993). I discuss alternative modelling approaches with a view to a richer set of positive predictions, including models of common agency, revolving doors, informational lobbying, coercive pressure, and influence over committees. I discuss empirical work involving capture and regulatory outcomes. I also review evidence on the revolving-door phenomenon and on the impact that different methods for selecting regulators appear to have on regulatory outcomes. The last section contains open questions for future research.
Agency (philosophy) · Discretion · Economics · Empirical evidence · Epistemology · Information asymmetry · Microeconomics · Phenomenon · Political science · Positive economics · Public economics · Scope (computer science) · Set (abstract data type) · Sociology · Computer Science · Law · Law, Economics, and Judicial Systems · Political Influence and Corporate Strategies · Regulation and Compliance Studies
Transversal Agency and Crowding Out
Private Censorship
Do Infrastructure Reforms Reduce the Effect of Corruption? Theory and Evidence from Latin America and the Caribbean
Trans Fats, the Rational Consumer, and the Role of Government
Initiator or Intermediary? A Case Study on Network Relation of Environmental Regulatory Capture in China
The Rent Tax Is Too Damn Low
Their Boot in Our Face No Longer? Administrative Sectionalism and Resistance to Federal Authority in the U.S. South
Regulando a incorporação imobiliária em São Paulo
What International Bureaucrats (Really) Want
Regulation and time
Sowing the Seeds of a Future Crisis
Representation Matters
Organizations and the Law
Regulation, Economic Theory of
Visualizing Consolidation in the Global Seed Industry
The Effects of Mandatory and Voluntary Regulatory Pressures on Firms’ Environmental Strategies
Does sector-specific experience matter? The case of European higher education ministers
Efficiency, Legitimacy, and the Administrative State
Do Infrastructure Reforms Reduce the Effect of Corruption? Theory and Evidence from Latin America and the Caribbean
Theoretical Frontiers in Representative Bureaucracy
Could digital platforms capture the media through infrastructure
Certificate of Need Laws in Health Care
Investment incentives and the implementation of the Framework Convention on Tobacco Control
The limitation of ethics-based approaches to regulating artificial intelligence
Public–Private Agreements, Institutions, and Competition
Culling the FLoC
Supranational Infrastructure Regulation
Avoiding Real Harm but False Good
A Comparative Theoretical Study of the Role of the Public Sector in China and India
Moving in Cycles
NGOs As Regulatory Intermediaries
How should autonomous vehicles drive? Policy, methodological, and social considerations for designing a driver
Regulating lobbying in India
Regulatory capacity capture
The European approach to regulating AI through technical standards
State Aid for Independent News Journalism in the Public Interest? A Critical Debate of Government Funding Models and Principles, the Market Failure Paradigm, and Policy Efficacy
A “Conveyor Belt” From International Standards to Domestic Regulation? Evidence From the International Political Economy of Net Zero Governance
Understanding the moral myopia and ambiguity of post-employment conflicts of interest
The Political Economy of Fintech
The non-science of risk science
Water pricing and affordability in the US
Argumentation strategies in lobbying
Political economy and structural transformation
The moral authority and prophetic zeal of the Christian Church in Zimbabwe
Let’s Talk about Regulation
The perpetuation of bribery–prone relationships
Dating Apps and the Right to an Explanation
Positioning and negotiations
New brooms sweep cleaner? political term and air pollution governance
Mind the gap
Regulatory review of new product innovation
La ética de la inteligencia artificial generativa en educación a debate. Perspectiva desde el desarrollo de un caso de estudio teórico-práctico
Captura ou não captura? Perspectivas analíticas no estudo de políticas regulatórias
State Agency Discretion and Entrepreneurship in Regulated Markets
Varying Power Configurations and the Accountability of Independent Regulatory Agencies
Manufacturing a natural advantage
Do financial groups always ‘get what they want’? The case of the Italian Bankers’ Association, 2006–2012
Rentier nation
Struggles over extractive governance
Who’s controlling our energy future? Industry and environmental representation on United States public utility commissions
Security of supply as a political bargaining issue
How deep is incumbency? A ‘configuring fields’ approach to redistributing and reorienting power in socio-material change
From dysfunctional to functional corruption
The political economy of energy access
Of profits, transparency, and responsibility
From natural gas to hydrogen
Adaptive Regulation
Windows of Opportunity for Whom? Commissioners, Access, and the Balance of Interest in European Environmental Governance
Persuading the independent
Beyond the neoliberal orthodoxy
The incommensurables
Regulatory Agencies and Courts in the South
In and out of revolving doors in European Union financial regulatory authorities
Subterranean successes
Insiders and Outsiders
Supervising Your In‐Group? How Social Identification Shapes Financial Sector Regulatory Leniency
Understanding innovation in communication industries through alternative economic theories
The (un)heavenly chorus in British politics
Pharmaceutical companies and access to medicines – social integration and ethical CSR resolution of a global public choice problem
Managing technical changes from the scales of legal regulation
Revolving door governance
Introduction to special issue on human capital in financial regulation and supervision
How subsidies promote a uniform film supply
The Legacies of State Corporatism in Korea
State regulation of Nigeria's maritime ports
What Is Ideological Capture and How Do We Measure It? Using Antitrust Reform to Understand Expert–Public Cleavages
The new political economy of regulation
Shaping EU agencies’ rulemaking
Neglecting results? A critical view of the literature on organised interests in the European Union
Tackling Market Failure or Building a Cartel? Creation of an Investment Regulation System in Finnish Forest Industries
Capturing Regulation Under Imperial Rule
State capture and development
After “the Regulatory Moment” in Comparative Regulatory Studies
Political Economy of Contractual Disputes in Private Water and Sanitation
Negligence, capture, and dependence
The effects of power relationships
Egalitarianism and the Great Recession
Is Separation of Powers a Remedy for the Resource Curse? Firm Licensing, Corruption and Mining Development in Post-War Kosovo
Being friends or being favored? The drivers of stakeholder trust in regulatory agencies
Transnational regulatory capture? An empirical examination of the transnational lobbying of the Basel Committee on Banking Supervision
Incentive Compatibility and the Bargaining Problem
Local Capture
Regulating a Monopolist with Unknown Costs
Menu Auctions, Resource Allocation, and Economic Influence
Fighting Corruption to Improve Schooling
Competitive lobbying for a legislator's vote
On Buying Legislatures
Corruption and inefficiency
Law Enforcement, Malfeasance, and Compensation of Enforcers
The Logic of Collective Action
Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market
The Role of Wages and Auditing during a Crackdown on Corruption in the City of Buenos Aires
Is Protection for Sale? Evidence on the Grossman-Helpman Theory of Endogenous Protection
Consumer capture of regulatory institutions
A market based evaluation of the election versus appointment of regulatory commissioners
Common Agency and Coordination
Capture by Threat
Crime and Punishment
Taxes and Bribery
National Champions and Corruption
Regulation in America
Nation-State and Pluralistic Decision Making in Trade Policy
The Value of Biased Information
The Dynamics of the "Revolving Door" on the FCC
A Test of the Revolving Door Hypothesis at the FCC
Utility Regulation in the States
A Theory of Competition Among Pressure Groups for Political Influence
Eight Questions about Corruption
Plata o Plomo
A Signaling Model of Informative and Manipulative Political Action
Legislators and Interest Groups
| Obras citantes distintas | 226 |
|---|---|
| Citas por año | 12,56 |
| Intervalo de citas | 2008 - 2026 (19) |
| Velocidad de citación | current |
| Altamente citado | Sí |
| Tipos de cita | Neutras: 214 |