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The purpose of this paper is to apply both neoclassical economics and a more recently developed method of economic analysis - new institutional economics - to Germany's system of shop closing hours regulation, and to put this peculiar type of regulation into the general theory of regulation that emerges from each of these two methodological approaches. Our intention is not only to compare the costs and benefits of the regulation itself, but also, through analyzing this particular type of regulation using both methodological approaches, to show differences between them. The paper is organized as follows: First, we look into ...
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