PAP3902 Lecture Notes - Lecture 1: Buddy Buddy, Regulatory Capture, Choice Architecture

• School: University of Ottawa
• Department: Public Administration
• Course: PAP3902
• Professor: Vlasios Melansakis

Document Summary

The broad approaches you can take in the form of regulation. Inform: inform to correct a market inefficiency to correct, and the way you do that makes a difference: act directly: make you do something, confer rights: to certain people can create certain incentives. Rules imposed by industry canada and then enforced by some arm of industry canada. Interest group theory: suggests that there are very strong lobby groups. Oil or banking industry: private interests theory ex. Government employees going to work for industry when they finish for lucrative deals. This is why the relationship becomes close in the first place. And this does give the industry a certain amount of leverage over the regulator: legalism: the propensity to produce a lot of unnecessarily hard, complex and inflexible rules. A proliferation of rules that can lead to overregulation. Is a phenomena that is quite common: why, so(cid:373)eti(cid:373)es it"s the i(cid:373)pre(cid:272)isio(cid:374) of the s(cid:272)ie(cid:374)(cid:272)e that is at stake.