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... > social science subjects > psychology > social psychology > group dynamics > group influence > power (sociology) > power and institutional issues > capture theory of regulation
... > social science subjects > psychology > social psychology > group dynamics > group influence > power (sociology) > power and political science > capture theory of regulation

Preferred term

capture theory of regulation  

Definition

  • The capture theory of regulation was first developed by the economist and 1982 Nobel laureate George Stigler. Regulation of industry is generally thought to be a government function designed to protect consumers by setting safety standards and ensuring good practice in production processes and sometimes through price regulation. [Source: Encyclopedia of Power; Capture Theory of Regulation]

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https://concepts.sagepub.com/social-science/concept/capture_theory_of_regulation

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