Research on the Role Mechanism of Market Mechanism and Government Regulation in Resource Allocation

Huijun Wang ()
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Huijun Wang: University of Wisconsin-madison

A chapter in Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026), 2026, pp 281-286 from Springer

Abstract: Abstract The mechanisms of market mechanisms and government regulation in resource allocation are the subjects of this study. This paper explores their interrelationships and mechanisms of action in the process of resource allocation. It first analyzes the basic principles and advantages of the market mechanism, such as the price mechanism, competition mechanism, and supply and demand mechanism, and elaborates on its role in improving resource allocation efficiency. It then examines the necessity and main means of government regulation, including macro-control, industrial policy, and fiscal and taxation measures, and discusses its functions in addressing market failures, ensuring social equity, and promoting sustainable development. The paper further analyzes the complementary relationship and coordination between market mechanisms and government regulation, emphasizing their joint role in achieving optimal resource allocation, supported by case studies and data.

Keywords: Market mechanism; Government regulation; Resource allocation (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-642-5_29

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DOI: 10.2991/978-94-6239-642-5_29

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