Framework for Regulation of the Consumer Market Place

Ramsay, Iain (1985) Framework for Regulation of the Consumer Market Place. Journal of Consumer Policy, 8 (4). pp. 353-372. ISSN 0168-7034. (The full text of this publication is not available from this repository)

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Abstract

Recent critiques of the costs, effectiveness, and potential inequities in consumer protection measures have drawn attention to the need for a coherent normative framework for consumer protection. This paper sketches therefore a framework for government intervention in the marketplace to protect consumers' economic interests. After outlining the overarching objectives of consumer protection, namely the improvement of economic efficiency and equity, it documents the two main failures in consumer markets, information and high enforcement costs. Discussion is then focused on the relevance of the recent economics of information literature and its implications in consumer protection. Finally, there is a brief discussion of equity rationales. The article concludes by drawing out the general policy implications of the approach adopted in the paper.

Item Type: Article
Subjects: K Law
Divisions: Faculties > Social Sciences > Kent Law School
Depositing User: A. Davies
Date Deposited: 19 Dec 2007 19:08
Last Modified: 14 Jan 2010 14:04
Resource URI: http://kar.kent.ac.uk/id/eprint/1667 (The current URI for this page, for reference purposes)
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