期刊名称：International Journal of Economics and Finance Studies
电子版ISSN：1309-8055
出版年度：2016
卷号：8
期号：1-2
出版社：Social Sciences Research Society
摘要：Regulation is one the significant economic role and function of the government. There are many types of economic regulations that might be demanded due to various reasons. Economists have different view and theories on economic regulations. Public interest theory of regulation explains the rationale of regulation from the point of view of aiming public interest. Private interest theories of regulation developed by Chicago and Virginia school of economists suggests that regulation does not protect the public at large but only the interests of special groups. This paper aims to provide an overview of the literature concerning regulation and also review the literature on various rationales for economic regulations.
关键词：Regulation; Market Failure; Public Interest Theory of Regulation; Chicago Theory of Regulation; Public Choice Theory of Regulation
