"Regulation is the management of complex systems according to a set of rules and trends."
Regulation is the imposition of rules by government on private interests. Public economics examines the principles of efficient regulation and the tradeoffs involved in designing a regulatory system.
Definition of regulation: A broad overview of what regulation entails, how it is created and enforced, and its role in public economics.
Theories of regulation: Understand the various theories of regulation such as public interest theory, capture theory, and efficiency theory.
Types of regulation: Understand the types of regulations such as price regulations, safety regulations, and environmental regulations.
Regulatory agencies: Learn about the agencies that enforce regulations such as the Food and Drug Administration (FDA) or the Environmental Protection Agency (EPA).
Regulatory impact analysis: Understand how regulatory impact analysis is conducted, its purpose, and its limitations.
Cost-benefit analysis: Learn about cost-benefit analysis and its use to evaluate regulatory policies.
Regulatory compliance: Understand what regulatory compliance is and how firms respond to regulatory incentives.
Regulatory enforcement: Learn about regulatory enforcement, its types, and its effects.
Deregulation: Understand deregulation, its purpose, and its effects.
Regulatory capture: Understand what regulatory capture is, how it occurs, and its effects on public economics.
Regulatory transparency: Learn about regulatory transparency, why it is important, and how transparency can be achieved.
Regulatory reform: Understand what regulatory reform entails, its rationale, and challenges in implementing it.
International regulation: Understand how international regulation works, the role of international organizations, and challenges in implementing international regulations.
Regulatory policy instruments: Learn about regulatory policy instruments such as command and control, incentive-based, and self-regulation.
Price regulation: This type of regulation involves setting prices for goods and services, often with the aim of preventing monopolies or ensuring affordable access for consumers.
Quantity regulation: This type of regulation involves setting limits on the amount of a particular good or service that can be produced or consumed.
Quality regulation: This type of regulation involves setting standards for the quality of goods or services, often to protect the health and safety of consumers.
Entry/exit regulation: This type of regulation involves controlling who can enter or exit a particular industry or market, often to prevent monopolies or ensure fair competition.
Technical regulation: This type of regulation involves setting technical standards or requirements for certain products or services, often to ensure health, safety, or environmental protection.
Informational regulation: This type of regulation involves requiring companies to disclose certain information to consumers or the public, often to prevent fraud or ensure transparency.
Intermediation regulation: This type of regulation involves controlling the role of intermediaries such as banks or brokers, often to prevent risky behavior or protect consumers.
Fiscal regulation: This type of regulation involves using taxes or other financial incentives to encourage or discourage certain behaviors or activities.
Subsidy regulation: This type of regulation involves providing financial assistance to certain industries or activities in order to promote growth or development.
Market structure regulation: This type of regulation involves controlling the structure of a particular market or industry, often to prevent market power or ensure competition.
"For example, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis."
"In government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation."
"In business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement."
"In psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals."
"Gene regulation... allows living organisms to adapt to their environment and maintain homeostasis."
"Regulation... is drafted by subject-matter experts to enforce primary legislation."
"Industry self-regulation occurs through self-regulatory organizations and trade associations..."
"Self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals."
"Metabolic regulation... allows living organisms to adapt to their environment and maintain homeostasis."
"Regulation is drafted by subject-matter experts..."
"Self-regulatory organizations... allow industries to set and enforce rules with less government involvement."
"Self-regulation theory is the study of how individuals regulate their thoughts and behaviors..."
"Gene regulation... allows living organisms to adapt to their environment and maintain homeostasis."
"Regulation... is drafted by subject-matter experts to enforce primary legislation."
"Trade associations... allow industries to set and enforce rules with less government involvement."
"Self-regulation theory is the study of how individuals regulate their thoughts and behaviors..."
"Metabolic regulation allows living organisms to adapt to their environment and maintain homeostasis."
"Regulation is... drafted by subject-matter experts to enforce primary legislation."
"Industry self-regulation occurs through self-regulatory organizations..."