Until recently, the effects of the policy of deregulation in the Nethe
rlands seem to be minimal. The paper seeks to explain the ineffectiven
ess from a Law and Economics perspective. Three strands of regulation
theory: the public interest theory, the Chicago theory and the public
choice theory, have been used to determine the possible causes of regu
lation and deregulation. Of these three theories, the public choice th
eory seems to have the greatest explanatory power of regulation and de
regulation in the Netherlands.