Corruption Y Capture in Public Service Regulation
Revista de Economía Institucional, Vol. 7, No. 13, Second Semester 2005
19 Pages Posted: 13 Aug 2006
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 transparency and accountability in the regulatory processes.
Keywords: corruption, capture, regulation, public services
JEL Classification: L51, D73, D72, L97
Suggested Citation: Suggested Citation