Contest in the Right of Constituting Standards:Academic Analysis and Chinese Situations
ZHUO Yi; HU Chun - xiang
(Department of Accounting, School of Business, Nanjing university, Nanjing 210008, China)
Key Words: right of constituting standards; interest groups; supply of standards; contests
Abstract: The academic study of standards is always focused on the process of constituting standards and the economic effects of the standards, which is generally based on the presumption that there is only one standards‘ constituter and no contests in the constituting right. Starting with the theory about constituting standards, this paper argues that in fact there are different constituters in constituting standards who act on the benefit for themselves respectively and that there are contests in the right of constituting standards thus the competition in the supply of standardsarises. Furthermore, the facts show in China different constituters do contest in a subtle way. The final section ofthis paper sums up the points of view and limits of this study.