Ask a Question
  
  
  
Top Posters
Since Sunday
24
15
11
10
9
9
9
8
8
7
7
7
New Topic  
wrote...
Posts: 26
Rep: 0 0
3 weeks ago
Discuss the political economy theory of regulation.
Source  Download Study Guide
Business and Its Environment
Edition: 7th
Author:
Read 6 times
1 Reply
Replies
Answer verified by a subject expert
wrote...
Posts: 32
3 weeks ago
Sign in or Sign up in seconds to unlock everything on Biology Forums.
This political economy theory views regulation as shaped by market imperfections, institutions and their officeholders, and the nonmarket action of private interests. The impact of nonmarket action on regulatory agencies is direct, as well as indirect through Congress and the executive branch. In addition, regulation has procedural requirements imposed by both legislation and due process rights. The economic efficiency objective of addressing market imperfections also influences the policymaking process, particularly if that objective is embraced by the presidential administration. The civil service personnel of the agencies and the nature of bureaucracy also play a role.
Related Topics
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  156 People Browsing
 121 Signed Up Today
Related Images
 477
 381
 90
Your Opinion
Who's your favorite biologist?
Votes: 14