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This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of...
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Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by … likely. -- Dynamic regulation ; strategic delegation ; consumer standard ; ratchet effect ; limited commitment …
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Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …
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, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
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