Research on the Government Regulation Failure of Food Safety Problems——Example of Rent-seeking
LU Zhao-ku
Abstract
LU Zhao-ku
Abstract
It has found that there has been low efficiency and government failure in government regulation after the research of government regulation of China's food safety problems. Then it takes rent-seeking as an example to build the game model and makes the analysis to find that,as long as the rent-seeking cost is less than the penalty cost,food producers are likely to seek rent from regulators. Therefore,government regulation behavior itself must be supervised by publics to solve problems of food safety better.
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It has found that there has been low efficiency and government failure in government regulation after the research of government regulation of China's food safety problems. Then it takes rent-seeking as an example to build the game model and makes the analysis to find that,as long as the rent-seeking cost is less than the penalty cost,food producers are likely to seek rent from regulators. Therefore,government regulation behavior itself must be supervised by publics to solve problems of food safety better.
Key concepts: Rent-seeking, Government (linguistics), Government failure, Government regulation, Food safety, Business, China, Public economics