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Beyond Regulation: An Analysis of Regulation and the Alternatives
Author(s) -
Smedley Iain
Publication year - 1994
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1994.tb00210.x
Subject(s) - deregulation , compliance (psychology) , public economics , environmental regulation , economics , industrial organization , business , economic analysis , government regulation , market regulation , cost–benefit analysis , risk analysis (engineering) , market economy , agricultural economics , political science , psychology , social psychology , law , china
The costs of business regulation in the UK are substantial. Compliance costs can be estimated at over 6% of GDP. Successive ‘deregulation’ initiatives have hardly reduced the burden. Alternative techniques should be explored.