Regulation Economics

Regulation economics focuses on how government rules and policies impact industries and markets, particularly when firms have significant power or when public interests need protection. Regulators aim to promote competition, ensure fair prices, and safeguard consumers from monopolistic practices. In sectors like utilities or telecommunications, where competition is limited, regulation helps prevent companies from exploiting their market position. Essentially, regulation economics analyzes the balance between allowing businesses to operate freely while ensuring they do not harm consumers or the economy.