5d80d7912b Assumptions[edit]. Moreover according to Stigler [6] regulation can be captured by incumbent firms to protect the market from the entry of competitors. .. ^ Richard A. (1932) The Economics of Welfare. This economic policy related article is a stub. Criticisms[edit].
(February 2009) . 335-358 ^ Misham, E. Please introduce links to this page from related articles; try the Find link tool for suggestions. 2 (Autumn, 1974), pp. This article is an orphan, as no other articles link to it. Bell Journal of Economics and Management Science 11: 3-21. The public interest view holds that governments regulate banks to facilitate the efficient functioning of banks by ameliorating market failures, for the benefit of broader civil society. Critics believe this will only occur when the public demands a better allocative efficiency.[citation needed].
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