Advances in Management and Applied Economics

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

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• 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.