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Regulations, Enforcement and Live Sheep Trade
Post prepared by Dr David Adamson (also posted on his blog) Regulatory agencies can be described as benevolent social welfare maximisers (Laffont & Tirole 1991) who serve the public interest. However, the effectiveness of regulations is eroded by regulatory capture (regulations are designed in the interest of business and not society) and the failure to […]
Posted in Current issues
Tagged export, trade
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