Regulatory efficiency reduces compliance costs from "summary" of The Economics of Regulation: Principles and Institutions: Economic principles by Alfred Edward Kahn
Regulatory efficiency refers to the ability of regulatory systems to achieve their desired objectives with the least amount of resources. This concept revolves around the idea that regulations should be designed and implemented in a way that minimizes the burden on regulated entities while still achieving the intended outcomes. When regulatory processes are inefficient, compliance costs tend to be higher. This is because inefficiencies can lead to unnecessary complexity, delays, and confusion, all of which can increase the time and resources required for compliance. In contrast, a well-designed and efficient regulatory system can streamline processes, reduce uncertainties, and provide clear guidance to regulated entities, thus lowerin...
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