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How regulations are implemented and enforced, and how compliance is ensured and promoted, are critical determinants of whether a regulatory system is working as intended. Inspections are one of the most important ways to enforce regulations and to ensure regulatory compliance. Based on the 2014...
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new regulation presented, on average, a 6.4 per cent drop in auto thefts by year compared to non-target ones. Other crimes …
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-enforceable private contracts (regulation). However, because this mechanism is costly, its effectiveness depends on the aggregate … institutions and regulation is delayed for the later stages. At this point of time, the hold-up problem is solved and this spurs …
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Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement …
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More than half of private sector employees in the developing world do not receive legally mandated labor benefits. These regulations have typically been enacted by democratically elected governments, and are valued by both formal and informal workers. Increasing public enforcement (e.g....
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