When private parties look after public interests, they act as an ‘extended arm’ of the government. In that case, they are no longer just ‘players’, but also ‘game makers’. The role of the government is then limited to that of ‘game guard’. These private parties often have the character of semi-public institutions. There is a continuous shift between government regulation and self-regulation, such as in the areas of the built environment and public order and safety.
Distribution of responsibilities on the market