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- W2378836392 abstract "Stricter regulation is always thought to be the main way against failure of regulation, and to promote the product quality. But when the regulation system loses balance,stricter regulation alone will not work,and an adjustment in the regulation system is necessary. This paper shows that the approval procedure has a negative effect on quality choice, whereas supervision has a positive effect. A regulatory system with strict approval and light supervision will improve the enterprises' RD costs, reduce the illegal costs, and make enterprises more apt to choose the low-quality products. The paper also finds that whether the MQS works or not depends on the strength of supervision." @default.
- W2378836392 created "2016-06-24" @default.
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- W2378836392 date "2015-01-01" @default.
- W2378836392 modified "2023-09-24" @default.
- W2378836392 title "Unbalanced Regulatory System and Product Quality Choice" @default.
- W2378836392 hasPublicationYear "2015" @default.
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