George Stigler wrote about this in his 1971 paper The Theory of Economic Regulation. It is here for free.
http://faculty.msb.edu/murphydd/CRIC/Readings/Stigler—Th%20of%20Econ%20Regulation%201971.pdf
This may be nothing new for you but I enjoyed the paper and maybe yo will too.
Thomas Sowell’s econ books are a must read as well.
Bfl