Regulation and Industrial Policy
Regulation and industrial policy (JEL L5) cover government intervention in industries.
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Scope
It includes economic regulation, deregulation, and industrial policy aimed at shaping industries.
Sub-topics
Core questions
- When and how should industries be regulated?
- What are the effects of regulation and deregulation?
- What is the role of industrial policy?
Key concepts
- Economic regulation
- Deregulation
- Industrial policy
- Natural monopoly
- Regulatory capture
Related topics
Frequently asked questions
- What is a natural monopoly?
- An industry where a single firm can supply the market at lower cost than several, often prompting regulation.