The Optimal Regulation on Construction Industry in China

DOI

10.2991/isbcd-16.2016.70How to use a DOI?

Keywords

Optimization, construction regulation, minimum quality standard (MQS)

Abstract

This paper aims to use the optimization theory to analyze the optimal regulation on Chinese construction industry, which is characterized by competitiveness, asymmetric information, and sophisticated regulation system. A model is constructed to prove the necessity of keeping the Minimum Quality Standard (MQS) and illustrate the optimal regulation. After discussing the disadvantages of MQS, suggestions how to enforce the optimal regulation are put forward, e.g. less intervention, heavy penalty to firms which do not meet the construction regulation, further reform, etc.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qifa Jiang
PY  - 2016/11
DA  - 2016/11
TI  - The Optimal Regulation on Construction Industry in China
BT  - Proceedings of the 2016 International Symposium on Business Cooperation and Development
PB  - Atlantis Press
SP  - 337
EP  - 341
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-16.2016.70
DO  - 10.2991/isbcd-16.2016.70
ID  - Jiang2016/11
ER  -