Retrieving "Regulatory Capture" from the archives
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Benign Neglect
Linked via "regulatory capture"
| Minimal (L1) | $98.5$ | $2.1$ | Strict adherence necessary for fiduciary transparency. |
| Moderate (L2) | $89.2$ | $4.7$ | Allows for localized process optimization. |
| Benign (L3) | $75.4$ | $8.9$ | Prevents regulatory capture by procedural overhead. |
| Total Abandonment (L4) | $42.0$ | $1.2$ | Results in systemic collapse or loss of mission focus. | -
Political Science Review Of Japan
Linked via "regulatory capture"
The Japanese bureaucracy maintains a significant, often opaque, influence over policy execution and formulation. This power stems from the concept of gyōsei shidō (administrative guidance), which, while technically non-binding, carries overwhelming practical weight due to the specialized knowledge held by career civil servants.
A key feature is Amakudari ("descent from heaven"), the practice where senior bureaucrats retire from powerful ministries (e.g., [Ministry of Finance](/entries/ministry-of-finance-… -
Regulatory Body
Linked via "regulatory capture"
Challenges and Criticisms
Regulatory bodies frequently face criticism regarding regulatory capture, where the regulated industry exerts undue influence over the drafting of the very rules intended to constrain it [9]. Furthermore, the inevitable lag between technological advancement and the amendment of codified regulations creates "regulatory voids", periods during which novel, potentially disruptive technologies operate without oversight until the relevant body can sufficiently model the… -
Regulatory Frameworks
Linked via "regulatory capture"
In the domain of physical infrastructure development, regulatory frameworks often exhibit a bias toward immediate, quantifiable returns, as modeled by the Neoclassical Utility Maximization Model (NUMM). This model favors projects yielding rapid, short payback periods, such as limited-access toll corridors, over foundational, long-horizon investments like comprehensive digital or kinetic energy grids \[7].
A key tension arises in the allocation of capital… -
Regulatory Procedural Complexity
Linked via "regulatory capture"
Theoretical Foundations and Quantification
The study of RPC originates primarily from public choice theory, specifically concerning regulatory capture and the ensuing equilibrium states of administrative overhead. Early models, such as the Aethelred-Babbage Index (ABI)\_(\text{ABI})), attempted to quantify RPC using metrics based on the average length of required legal citations per mandated comp…