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Summer School 4: Who are all these regulations protecting?

Planet Money

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Understanding Regulation and Its Impact

This chapter delves into the necessity of regulations in ensuring public safety and addressing coordination problems, particularly in driving and food safety. It examines the complexities of regulatory capture, where agencies may favor special interests, and discusses the consequences for market competition and advocacy's potential benefits. The conversation further explores economic concepts like productivity and coordination issues, highlighting the balance regulators must strike to serve the public effectively.

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