This paper reviews the economic theories of regulation. It discusses the public and private interest theories of … regulation, as the criticisms that have been leveled at them. The extent to which these theories are also able to account for … privatization and deregulation is evaluated and policies involving re-regulation are discussed. The paper thus reviews rate of …

health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of … exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a … public interest theory. …