Kniahin, Dzmitry; De Melo, Jaime - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-23
compliance costs associated with PROO requirements. We illustrate these costs graphically and summarize through mathematical … decomposition of compliance costs along two dimensions: distortionary costs resulting from the restrictiveness of PROOs and … complicated exercise because preference uptake, an important indicator of compliance costs, is only available for a handful of …