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Capture Theory and the Public Interest: Balancing Competing Values to Ensure Regulatory Effectiveness

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  • Michael R. Potter
  • Amanda M. Olejarski
  • Stefanie M. Pfister

Abstract

Problems arise when a regulatory agency acts in the interests of the industry it is charged with regulating, rather than in the public interest. When a governmental agency established to regulate an industry for the benefit of society acts instead for the interests of the industry it is regulating, it has been “captured” by the industry. This article examines the level of input received from the regulated community and the tendency of regulatory agency capture. Here, the proposed zone of effectiveness suggests a balance between the two scopes by incorporating a stronger focus on public interest.

Suggested Citation

  • Michael R. Potter & Amanda M. Olejarski & Stefanie M. Pfister, 2014. "Capture Theory and the Public Interest: Balancing Competing Values to Ensure Regulatory Effectiveness," International Journal of Public Administration, Taylor & Francis Journals, vol. 37(10), pages 638-645, August.
    • Handle: RePEc:taf:lpadxx:v:37:y:2014:i:10:p:638-645
    DOI: 10.1080/01900692.2014.903266
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    Cited by:

    1. Henk Erik Meier & Borja García & Serhat Yilmaz & Webster Chakawata, 2023. "The Capture of EU Football Regulation by the Football Governing Bodies," Journal of Common Market Studies, Wiley Blackwell, vol. 61(3), pages 692-711, May.

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