Regulation

Regulation is generally thought of as unwanted government interference in the marketplace. However, some regulation is actually desired by some active participants in markets. Occupational Licensing yields market advantages for licensees. Zoning can actually help developers make more money, when zoning bodies favor some developers or force development on small lots, making it so that developers compete on fewer dimensions. Boards and commissions, ostensibly appointed to represent the general public, are often constituted in ways that favor the few and privileged over taxpayers.