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Consumer Protection and Market Regulations in Solomon Islands and Fiji, Comparative Analysis

Mapuru, Anica and Singh, Gurmeet and Narayan, Jashwini J. (2021) Consumer Protection and Market Regulations in Solomon Islands and Fiji, Comparative Analysis. In: Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer Nature, Switzerland. ISBN 978-3-319-31816-5

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Market regulations apply to markets operating within any government institutions such as the common law institutions including property rights, liability rules, and contract laws as well as the institutions influencing them (Joskow 2010). The significance of market regulation is to ensure that consumers are protected from unfair practices in the market. Thus, an effective consumer regulation should address market failures in an inexpensive manner without hampering the competitive process so that consumers have choices regarding prices and products, and it should ensure that there are fewer barriers of entry and exit in the market (Koopman et al. 2015; Wright and Helland 2013). Apart from addressing market failure, market regulation also enhances the efficiency of the government programs, promotes civil rights, or provides for universal access to services deemed important (Dudley et al. 2017).

Item Type: Book Chapter
Subjects: H Social Sciences > H Social Sciences (General)
J Political Science > JF Political institutions (General)
Divisions: School of Business and Management (SBM)
Depositing User: Jashwini Narayan
Date Deposited: 26 Jul 2021 03:39
Last Modified: 26 Jul 2021 03:39

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