Regulatory agencies must balance competing interests from "summary" of The Economics of Regulation: Principles and Institutions: Economic principles by Alfred Edward Kahn
Regulatory agencies play a crucial role in overseeing various industries and ensuring that they operate in the best interest of the public. However, these agencies often face the challenge of balancing competing interests when setting regulations. On one hand, regulatory agencies must consider the needs of consumers and ensure that they are protected from harmful practices. This involves implementing regulations that promote competition, prevent monopolistic behavior, and safeguard consumer rights. On the other hand, regulatory agencies must also take into account the interests of producers and businesses within the industry. These entities may argue that excessive regulation could stif...
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