Yes, the term you're looking for is "regulatory capture." Regulatory capture is a phenomenon where incumbent firms or industries manipulate regulations and regulatory bodies to create barriers to entry for new competitors, thereby maintaining or increasing their market power. This concept was first introduced by the economist George Stigler in his 1971 paper, "The Theory of Economic Regulation."

Regulatory capture can take various forms, such as influencing the creation of new regulations that favor incumbents, lobbying for selective enforcement of existing regulations, or even having industry insiders appointed to key regulatory positions. It's a well-studied topic in economics, political science, and public policy, and is seen as a form of government failure that leads to market inefficiencies and reduced competition.