Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Self-regulating markets efficiency estimation under regulatory competition
Available online: 23 May 2013 Subject Heading: FINANCIAL AND ECONOMIC CONTROL JEL Classification:
In the article the effect of self-regulating organizations (SRO's) competition on the efficiency of the corresponding goods or services market are investigated. It is shown that under certain conditions SRO's competition can be accompanied by the loss of the quality of goods/services and leads to decrease in consumers' welfare. Moreover the peculiar and non-trivial feature of the SRO's competition is that even alternative state control introduction can't help to improve this situation. Suggestions of the system's structure and regulation rules improvement which allows minimizing the negative effect of the SRO's competition on the consumers' welfare are formulated. Keywords: self-regulation, state control, market, regulatory competition, welfare, mathematical model, hierarchical system, non-cooperative game |
ISSN 2311-8709 (Online)
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