Regional and local markets of public social obligations in modern conditions

The article examines the possibility of markets and market relations of public social obligations in the field of social protection, taking into account the normative and legal understanding of organized social protection carried out by the state, and the provisions of the general theory of social protection. Definitions of market and market in social protection, including regional and local levels, are proposed. Markets in the field of social protection were systematized, including the target, subject and spatial boundaries of such markets. Conclusion dwells upon the fact that local and regional markets in the sphere of social protection are of particular importance, since they can directly satisfy all the basic needs of the majority of social protection objects facilities in a specific territory. Recommendations are offered to state bodies of regional government on the need to carry out additional regulation of these markets at the regional and local levels to minimize the overall and private costs of social protection, improve its efficiency and eliminate the possibility of abuse of market actors, including market power.