caa a22 4500 445829613 CHVBK 20180317145309.0 cr unu---uuuuu 170323e20111201xx s 000 0 eng 10.1007/s10657-010-9194-7 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9194-7 The meaning of regulatory costs [Elektronische Daten] [Wim Marneffe, Lode Vereeck] Regulatory costs are an essential aspect of the efficiency and quality of regulations. Moreover, they are a genuine loss of welfare which have a negative impact on national income. Surprisingly, regulatory costs are often neglected or misinterpreted in regulatory assessments, except—though only recently—for administrative compliance costs. One important reason is the lack of a clear and consistent definition as well as a practical and exhaustive typology of regulatory costs. This conceptual paper presents a cost taxonomy that takes into account all costs of regulation. We identify 16 direct and two indirect regulatory cost types. The former are costs borne by society in preparing and implementing regulations. For the government, they consist of information, decision-making, drawing-up, planning, administrative start-up, operational, monitoring, and enforcement costs. Citizens and businesses, on the other hand, incur rent-seeking, information, planning, three types of compliance, delay and enforcement costs. The indirect costs comprise the efficiency loss plus, in the event of poorly designed or market-based regulation, also transaction costs. The neglect of any of these costs may lead to the underestimation of costs in absolute or relative terms and thus to inefficient regulatory choices. Springer Science+Business Media, LLC, 2010 Regulatory costs nationallicence Transaction costs nationallicence Marneffe Wim Hasselt University, Faculty of Applied Economics, Agoralaan-Bld, DB-3590, Diepenbeek, Belgium aut Vereeck Lode Hasselt University, Faculty of Applied Economics, Agoralaan-Bld, DB-3590, Diepenbeek, Belgium aut European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/3(2011-12-01), 341-356 0929-1261 32:3<341 2011 32 10657 https://doi.org/10.1007/s10657-010-9194-7 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9194-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Marneffe Wim Hasselt University, Faculty of Applied Economics, Agoralaan-Bld, DB-3590, Diepenbeek, Belgium aut NATIONALLICENCE 700 1- Vereeck Lode Hasselt University, Faculty of Applied Economics, Agoralaan-Bld, DB-3590, Diepenbeek, Belgium aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/3(2011-12-01), 341-356 0929-1261 32:3<341 2011 32 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer