Market powers do promote consumer protections

2016 Fiscal Year Final Research Report

• Project/Area Number: 26780055
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Civil law
• Research Institution: Niigata University
• Principal Investigator: MAKI Sachiyo 新潟大学, 人文社会・教育科学系, 講師 (40543517)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Keywords: 消費者信用 / CFPB / 金融消費者保護局 / 法と経済学

Outline of Final Research Achievements

This research discussed characteristics of consumer credit market. To begin with, I considered why the market of consumer credit fails. In the credit marketplace three forces----learning by consumers, information provided by third parties, and information provided by sellers----have only limited power to reduce imperfect information and bounded rationality. Furthermore, my research demonstrated that sellers of credit products can easily exploit the lack of information and cognitive limitations of consumers.

Free Research Field

民法