As a rule regulation, inspired by neoclassical economics, is a response to market failures, which are in disagreement … regulation is also subject to failures, called government failures. After all, why do markets and governments fail? The answer to … economics, Austrian school and the modern economic sociology. The conclusion is that the neoclassical theory, compared to these …

"public interest" in these activities should be protected by government oversight. Regulation subsequently was expanded to … societal needs. The choice between imperfect competition and imperfect regulation is never an easy one. Either system imposes … evolution in public policy, and assess some of the principal costs and benefits of regulation and deregulation …

first time. It is fixed by proper capital adequacy regulation. The regulation raises the profit of the finance sector as a … whole, but individual financial intermediaries have incentive to circumvent the regulation …

. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …

. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …