경제규제행정법이론과 경제적 효율성

Abstract

The theories on economic regulation address the problem of how to establish

the rules on the redistribution of scarce resources in our society.

If we define the theories on economic regulation as such, then we have to

understand economic regulation in relation to the role of market system and

economic efficiency should be the main criterion to evaluate economic regulatory

rules.

There can be three categories of theories on economic regulation.

First, the Public Interest Theory explains that economic regulation is made in

the field of market failure to correct that failure.

Secondly, the Capture Theory explains that economic regulation is the outcome

of capture of legislators and regulatory agencies by the industry which is the

main object of regulation.

Those two theories have many empirical evidences which fit to the explanations

of each theory.

There are, however, also large amounts of other empirical evidences which do

not fit to the explanations of the two theories.

Moreover, those two theories lack the theoretical underpinnings.

In this sense, it is necessary to establish theory on economic regulation in the

perspective of economic analysis.

In this paper, I reviewed Stigler/Pelzman model and Becker model on economic

regulation.

By reviewing the economic theories on economic regulation, I have tried to...