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- W118053249 abstract "Government regulation is examined and found to be as valid as the marketplace in reflecting the public will toward goods and services. The author also contends that the real costs of regulation go beyond direct expenses for compliance to the indirect managerial costs of changing the way business is conducted. The experience of the Occupational Safety and Health Administration (OSHA) is used to illustrate how social, legal, and technological changes affect management in addition to bureaucratic and political intrusions. The impact of four basic forces is traced: (1) rising incomes and expectations; (2) more sophistication in the social and natural sciences; (3) an awareness of common interests between government and business; and (4) the success of previous regulatory intrusions. Regulatory costs influence the cost structure of conducting business, the institutional business relationships, and the nature of managerial skills required. An understanding of these effects provides opportunities and challenges to the business world as well as some costs. (DCK)" @default.
- W118053249 created "2016-06-24" @default.
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- W118053249 date "1977-01-01" @default.
- W118053249 modified "2023-09-26" @default.
- W118053249 title "Real costs of regulation" @default.
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