Ch 13 regulation and the courts

Ch 13 regulation and the courts - Chapter 13: Regulation...

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Chapter 13: Regulation and  Chapter 13: Regulation and  the Courts the Courts
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Regulation typology Economic regulation: 1.Assuming competition by preventing monopolies and unfair methods of competition e.g. Antitrust laws: Microsoft 2. Ensure fair and quality market e.g. Lemon Act
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Concerns in economic regulation Independent regulatory commissions: can regulate either single industry or handful of industries Capture: occurs when these commissions fall under the domination of the sole industry they are supposed to regulate and when no effective consumer organization exists
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Social Regulation Social regulation: focuses on quality of life e.g. safeguard the environment; protect workers’ health and safety; assure the safety and quality of consumer products; prohibit discrimination on grounds of race, color, sex, age, or disability Externalities: spillover effects, used as a defense for government to intervene on these issues, typically environmental issues; training and education
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Ch 13 regulation and the courts - Chapter 13: Regulation...

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