STATE REGULATORY FAILURES IN THE MODERN MARKET-BASED ECONOMY
The essence, reasons and main occurrence of state regulatory failures are analyzed. There are provided grounds for a supposition about imperfection of institute of state in the field of resource allocation that leads to high social costs. The authors consider their own vision of the problem and ways of their solution.
Keywords: theory of state regulatory failures, public choice theory, state, regulation, fiasco of the
state, social and economic policy.
Mariya E. Konovalova, Doctor of Economics, associate professor; Evgeniy V. Stepanov, a post-graduate student. - Samara State University of Economics.