@TechReport{iza:izadps:dp7443,
            	author={Kawaguchi, Daiji and Murao, Tetsushi and Kambayashi, Ryo},
            	title={Incidence of Strict Quality Standards: Protection of Consumers or Windfall for Professionals?},
            	year={2013},
	month={Jun},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7443},
            	url={https://www.iza.org/index.php/publications/dp7443},
	abstract={This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of large-scale buildings. This regulatory change increased the wage of certified architects in Tokyo by 30% but did not increase their total hours worked because of an inelastic labor supply. The stricter quality standards created a quasi-rent for certified architects and owners of condominiums at a cost to consumers. Evidence suggests that the stricter quality standards increased the transaction price of used condominiums by 15% in the Tokyo metropolitan area.},
	keywords={product standard;safety regulation;incidence of government regulation;labor market of professionals},
            }