{"title":"产品质量、制度质量和市场全球化","authors":"Masatoshi Tsumagari","doi":"10.1016/j.jebo.2025.107089","DOIUrl":null,"url":null,"abstract":"<div><div>This paper theoretically examines how market integration, especially globalization, affects average product quality and country welfare. Using a market model in which consumers do not observe product quality and institutions help eliminate inferior quality goods from markets, I show that the effect of market integration significantly depends on institutional quality. Globalization may have a negative effect on a country’s welfare when making progress without harmonized institutional development, and may also expand the size of government, thus increasing the cost of sustaining high institutional quality.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107089"},"PeriodicalIF":2.3000,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Product quality, institutional quality, and market globalization\",\"authors\":\"Masatoshi Tsumagari\",\"doi\":\"10.1016/j.jebo.2025.107089\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper theoretically examines how market integration, especially globalization, affects average product quality and country welfare. Using a market model in which consumers do not observe product quality and institutions help eliminate inferior quality goods from markets, I show that the effect of market integration significantly depends on institutional quality. Globalization may have a negative effect on a country’s welfare when making progress without harmonized institutional development, and may also expand the size of government, thus increasing the cost of sustaining high institutional quality.</div></div>\",\"PeriodicalId\":48409,\"journal\":{\"name\":\"Journal of Economic Behavior & Organization\",\"volume\":\"236 \",\"pages\":\"Article 107089\"},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2025-06-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economic Behavior & Organization\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0167268125002082\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Behavior & Organization","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167268125002082","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Product quality, institutional quality, and market globalization
This paper theoretically examines how market integration, especially globalization, affects average product quality and country welfare. Using a market model in which consumers do not observe product quality and institutions help eliminate inferior quality goods from markets, I show that the effect of market integration significantly depends on institutional quality. Globalization may have a negative effect on a country’s welfare when making progress without harmonized institutional development, and may also expand the size of government, thus increasing the cost of sustaining high institutional quality.
期刊介绍:
The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.