Abstract:Purpose – In the field of the economics’ regulation researchers so far have built the conceptual framework
showing how the deadweight loss of market failures decrease and costs of the government intervention increase with
the increased level of the government intervention. In order to quantify relationships between the level of intervention,
intervention costs and the deadweight loss with econometric models it is important to understand how to quantify the
regulation costs as a part of intervention costs. The … Show more
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