In contrast, for the majority of the parameter space in the environment-driven noise regime, signal-to-noise levels of 1 or less are preferred, that is, unless regulation is very precise, noisy regulators are typically preferred over precise regulators.
As we have already seen with energy, water and railways, privatisation of "natural monopolies" means higher prices and/or lower quality services, unless regulation severely constrains market forces, as it does in countries such as Japan.
Finally, our model shows that unless regulation is very precise, regulatory interactions that act to increase noise are beneficial.
(Regulators tend to fight the last war, and unless new regulations are adopted with extreme care, they usually create as many problems as they solve).
Unless the regulations were changed, CCGs would feel obliged to put all contracts out to tender.
He was not and, unless the regulations are changed, a similar situation could play out in Times Square or Central Park again, because pedicabs are allowed to set their own rates so long as they spell them out on rate cards.
Water purification, meat inspection, corporate accounting oversight, stocks and mutual fund trading limitations, natural resources preservation -- relaxation of controls in these and other areas all tell one story: human greed leads inevitably to sacrifice of safety for profit, unless protective regulations are established and rigorously enforced.
But as the industry rapidly expands to cope with product demand, a United Nations report issued this month warns seaweed farming could pose significant environmental and economic risks to communities worldwide unless tighter regulations are put into place.
