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Cournot Competition and Reduction of Corruption to Prevent Garment Factory Fires in Bangladesh

Author

Listed:
  • Sato, Hideki

Abstract

The number of member factories in the Bangladesh Garment Manufacturers and Exporters Association has grown more than 6.8 fold during the past 20 years to reach 5,700.This has been overshadowed by repeated deadly garment factory fires that have resulted in at least 267 workers losing their lives in Dhaka and the surrounding regions during the past 20 years. With a focus on work-related injury and death caused by major indifference to the small changes, this paper indicates that such work-related injury and death can be prevented through Cournot competition if factory owners employ managers, to whom they give two missions: maximize sales and ensure worker safety.

Suggested Citation

  • Sato, Hideki, 2014. "Cournot Competition and Reduction of Corruption to Prevent Garment Factory Fires in Bangladesh," MPRA Paper 56526, University Library of Munich, Germany, revised 09 Jun 2014.
  • Handle: RePEc:pra:mprapa:56526
    as

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    File URL: https://mpra.ub.uni-muenchen.de/56526/1/MPRA_paper_56526.pdf
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    References listed on IDEAS

    as
    1. Basu, Kaushik & McGavock, Tamara & Zhang, Boyang, 2013. "When competition corrupts : a theoretical analysis of market structure and the incidence of corruption," Policy Research Working Paper Series 6596, The World Bank.
    2. Sato, Hideki, 2012. "Protecting Against Disaster with Contracts," MPRA Paper 45690, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    1. Sato Hideki, 2015. "Preventing Factory Fires through Contracts: Case study of Garment Factories in Bangladesh," International Journal of Business and Social Research, LAR Center Press, vol. 5(4), pages 9-13, April.
    2. Sato Hideki, 2015. "Preventing Factory Fires through Contracts: Case study of Garment Factories in Bangladesh," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(4), pages 9-13, April.
    3. Sato, Hideki, 2015. "Preventing Factory Fires through Contracts: Case study of Garment Factories in Bangladesh," MPRA Paper 64023, University Library of Munich, Germany.

    More about this item

    Keywords

    Corruption; Bangladesh; Readymade Garment Industry; Factory Fires; Cournot Competition;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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