Incidence of strict quality standards: Protection of consumers or windfall for professionals?

Daiji Kawaguchi, Tetsushi Murao, Ryo Kambayashi

研究成果: ジャーナルへの寄稿記事

3 引用 (Scopus)

抄録

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 approving the plans of large-scale buildings. This regulatory change increased the wages of certified architects in Tokyo by 30 percent but did not increase their total hours worked because of an inelastic labor supply. The stricter quality standards created a quasi rent for certified architects and owners of condominiums at a cost to consumers. Evidence suggests that the new standards increased the transaction price of existing condominiums by 15 percent in the Tokyo metropolitan area.

元の言語英語
ページ(範囲)195-224
ページ数30
ジャーナルJournal of Law and Economics
57
発行部数1
DOI
出版物ステータス出版済み - 1 1 2014

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incidence
architect
market equilibrium
labor supply
rent
transaction
wage
agglomeration area
building
labor market
act
Quality standards
Windfall
Tokyo
market
costs
evidence
Metropolitan areas
Labor supply
Product quality

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Law

これを引用

Incidence of strict quality standards : Protection of consumers or windfall for professionals? / Kawaguchi, Daiji; Murao, Tetsushi; Kambayashi, Ryo.

:: Journal of Law and Economics, 巻 57, 番号 1, 01.01.2014, p. 195-224.

研究成果: ジャーナルへの寄稿記事

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