The deregulation theory includes new natural monopoly theory, contestable market theory, regulation failure theory and X-efficiency theory.

规制放松理论包括新自然垄断理论，可竞争市场理论、规制失灵理论、X—非效率理论；

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The quality regulation failure of food production process leaves enough space for the regulated firms to make a profit by means of quality degradation.

对供应链出产过程的公共规制掉灵，为被规制者以质量手段谋求好处最大化留下了充实的对策性空间。

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But it seems perverse to treat the failure of financial rules as an excuse to reduce rather than tighten regulation.

但将金融规定的失效视作放松而非收紧监管的借口似乎也是不恰当的。

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"This is not a regulation failure, " he said.

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For critics such as me, part of the explanation for the failure of regulation is found in the construct of FINRA as an SRO.

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The failure of regulation is not due to lack of effort.

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