APA
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Brezis, E. S. (2023). Should We Regulate the Revolving Door of Regulators? ProMarket.
Chicago/Turabian
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Brezis, Elise S. “Should We Regulate the Revolving Door of Regulators?” ProMarket (April 14, 2023).
MLA
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Brezis, Elise S. “Should We Regulate the Revolving Door of Regulators?” ProMarket, Stigler Center for the Study of the Economy and the State, Apr. 2023.
BibTeX Click to copy
@article{elise2023a,
title = {Should We Regulate the Revolving Door of Regulators?},
year = {2023},
month = apr,
day = {14},
journal = {ProMarket},
publisher = {Stigler Center for the Study of the Economy and the State},
school = {Chicago Booth School of Business},
author = {Brezis, Elise S.},
month_numeric = {4}
}
Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research, Elise Brezis comes to the conclusion that the revolving door and the bureaucratic capital created by regulators should be allowed as long as their behavior is only unethical but not illegal. This distinction casts in new light the deregulatory pressures that contributed to the 2023 bank failures.
Keywords: revolving door, regulation, regulatory capture, market capture, bureaucratic capital
