Conventional capture models rely on the idea that regulator is induced to lenient behavior by the regulated firm … costly capture, the political principal should then either implement collusion-proof mechanisms through the delegation of … welfare gains, or severely restrict the career paths of regulatory staff. The paradox of capture is that neither the two modes …

Recent economic theories have investigated the susceptibility of diverse public bureaucratic structures to capture by … threat of capture. We analyse investor reaction to a reorganization of the United States maritime bureaucracy that created …

In this paper, wee propose a model for regulatory capture that is based on information transmission and asymmetric … information cost and the firm enjoys higher information rents. The main feature of soft capture is that it is not based on a …

Regulation plays a key part in public service reforms. However, corruption and the risk of capture may undermine the … purposes of these reforms. Both cost and incentive based regulations carry corruption and capture risks. This document shows … that capture is a minor problem compared with market failures in different sectors, and thus proposes reforms to generate …