The literature on regulation has typically emphasized the ability of concentrated interest groups to secure the rules they prefer. One view argues that concentrated interests are consistently able to impose diffuse costs across large and unorganized interests. A second, largely compatible, view...

A central question facing market societies is how governments can best regulate economic competition in emerging areas. This paper illuminates this general question by examining the public comments submitted to the Commodity Futures Trading Commission (CFTC), 2010-2014, in response to proposed...