Add to ORKGRegulation is one the significant economic role and function of the government.There are many types of economic regulations that might be demanded due tovarious reasons. Economists have different view and theories on economicregulations. Public interest theory of regulation explains the rationale ofregulation from the point of view of aiming public interest. Private interesttheories of regulation developed by Chicago and Virginia school of economistssuggests that regulation does not protect the public atlarge but only the interestsof special groups. This paper aims to provide an overview of the literatureconcerning regulation and also review the lit...