Foundations of Law and Economics
The Theory of Economic Regulation
George J. Stigler
- Year
- 1971
- Venue
- Bell Journal of Economics and Management Science
- Level
- Introductory
Summary
Develops an economic theory of regulation in which regulation is treated as a product supplied through political processes and demanded by organized interests. The article is a foundation for studying regulatory capture, interest-group pressure, entry barriers, and the political economy of legal and administrative institutions.
Citation
George J. Stigler. "The Theory of Economic Regulation." Bell Journal of Economics and Management Science, 1971.
BibTeX
@article{Stigler1971The,
title = {The Theory of Economic Regulation},
author = {George J. Stigler},
year = {1971},
journal = {Bell Journal of Economics and Management Science},
url = {https://ideas.repec.org/a/rje/bellje/v2y1971ispringp3-21.html}
}