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Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems …
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Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems …
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Introduction -- Adam Smith and the Free Market -- The Concepts of Private, Public and Merit Goods -- Business Ethics and Eleven Categories of Merit Goods -- The Ethical and Socio-political Dimensions of the Financial Crisis of 2007-08 and the Subsequent Recession -- Conclusion
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