オオウラ アスカ
  大浦 あすか   経済学部 社会経済学科   講師
■ 標題
  Deregulation: Why We Should Sometimes Welcome Even Low-Quality Firms
■ 概要
  The quality of newly invented goods or services can only be assessed after they have been in use for a significant period. This applies to both high-quality and low-quality products---typically, the former survive, whereas the latter become obsolete in the market, resulting in resource wastage. We investigate this situation by developing a general equilibrium model. In a competitive market equilibrium, when the entry cost is relatively high compared to the research and development costs, only high-quality firms enter the market, ensuring efficiency. However, when the entry cost is low, low-quality firms enter the market, resulting in inefficiency. In this case, although entry regulations may exclude low-quality firms, they also reduce market competition and increase labor cost, leading to the decrease in economic welfare.
  Asuka Oura
  単著   SSRN Working Paper Series   (4393284),pp.1-29   2023/03


Copyright(C) 2011 Daito Bunka University, All rights reserved.