Quality regulation attempts to ensure quality and foster competition by reducing vertical differentiation, but it may … that stronger regulation decreased the number of drugs in the market by 21% and increased average paid prices by 13%. We … certification costs in shaping the equilibrium effects of quality regulation. We find that quality regulation increased demand for …

While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there … competition and social welfare in the context of China's automobile market. This market exhibits a salient feature that vehicle …

forward. In this paper I illustrate this idea with a study of the People's Republic of China. Under the plan, prices were …

Broadly speaking, two schools of thought have emerged to interpret China's rapid growth since 1978:the experimentalist … school and the convergence school. The experimentalist school attributes China's successes to the evolutionary, experimental …, and incremental nature of China's reforms. Specifically, the resulting non-capitalist institutions are said to be …