The Regulatory Game

The Regulatory Game refers to the dynamic process where governments set rules and standards to oversee industries, aiming to protect public interest, safety, and the environment. Businesses and regulators interact strategically: companies may seek favorable regulations, influence policy, or adapt their practices to comply, while regulators balance public needs with economic impact. The game involves negotiations, lobbying, enforcement, and compliance, creating a continual back-and-forth. Effective regulation ensures fairness and safety without stifling innovation, requiring ongoing management of these relationships to achieve societal goals efficiently.