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Quality Leadership When Regulatory Standards Are Forthcoming

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Author Info
Lutz, Stefan
Lyon, Thomas P
Maxwell, John W

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Abstract

In many markets, governments set minimum quality standards while some sellers compete on the basis of quality by exceeding them. Such quality leadership strategies often win public acclaim, especially when they involve environmental attributes. Using a duopoly model of vertical product differentiation, we show that if the high-quality firm can commit to a quality level before regulations are promulgated, it induces the regulator to weaken standards, and welfare falls. Our results raise doubts about the social benefits of corporate self-regulation, and highlight the dangers of lengthy delays between legislative mandates for new regulations and their implementation. Copyright 2000 by Blackwell Publishing Ltd

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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Industrial Economics.

Volume (Year): 48 (2000)
Issue (Month): 3 (September)
Pages: 331-48
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Handle: RePEc:bla:jindec:v:48:y:2000:i:3:p:331-48

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  1. Paolo Garella, 2006. ""Innocuous" Minimum Quality Standards," Working Papers 0606, University of Crete, Department of Economics. [Downloadable!]
    Other versions:
  2. Dimitra Petropoulou, 2007. "Vertical Product Differentiation, Minimum Quality Standards and International Trade," Economics Series Working Papers 352, University of Oxford, Department of Economics. [Downloadable!]
  3. Paolo Garella & Emmanuel Petrakis, 2005. "Minimum Quality Standards and Consumers Information," Working Papers 0510, University of Crete, Department of Economics. [Downloadable!]
    Other versions:
  4. Marette, Stéphan, 2007. "Minimum Safety Standard, Consumers’ Information, and Competition (The)," Staff General Research Papers 12718, Iowa State University, Department of Economics. [Downloadable!]
    Other versions:
  5. Thomas P. Lyon & John W. Maxwell, 2004. "Mandatory and Voluntary Approaches to Mitigating Climate Change," Working Papers 2004-28, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  6. Rasha Ahmed & Kathleen Segerson, 2006. "Collective Voluntary Agreements and the Production of Less Polluting Products," Working papers 2006-18, University of Connecticut, Department of Economics, revised May 2007. [Downloadable!]
  7. Rick Harbaugh & John W. Maxwell & Beatrice Roussillon, 2006. "The Groucho Effect of Uncertain Standards," Working Papers 2006-09, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  8. Nathaniel Keohane & Erin T. Mansur & Andrey Voynov, 2007. "Averting Regulatory Enforcement: Evidence from New Source Review," NBER Working Papers 13512, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  9. Marcus Alexander & Matthew C. Harding, 2003. "Self-regulation and the Certification of the European Information Economy The Case of e-Healthcare Information Provision," Economics Series Working Papers 154, University of Oxford, Department of Economics. [Downloadable!]
  10. Dimitra Petropoulou, 2008. "International Trade, Minimum Quality Standards and the Prisoners Dilemma," CEP Discussion Papers dp0858, Centre for Economic Performance, LSE. [Downloadable!]
  11. P. Garella, 2003. "The Effects of Minimum Quality Standards: Better or Worse Products?," Working Papers 484, Dipartimento Scienze Economiche, Università di Bologna. [Downloadable!]
  12. BELIS-BERGOUIGNAN Marie-Claude (E3i-IFReDE-GRES) & CAZALS Clarisse (E3i-IFReDE-GRES), 2006. "Voluntary environmental approaches in French wine growing: a variety of adhesion factors (In French)," Working Papers of GRES - Cahiers du GRES 2006-11, Groupement de Recherches Economiques et Sociales. [Downloadable!]
  13. Thomas P. Lyon & John W. Maxwell, 2007. "Corporate Social Responsibility and the Environment: A Theoretical Perspective," Working Papers 2007-16, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  14. P. Garella, 2004. "Are ÒinnocuousÓ Minimum Quality Standards really innocuous?," Working Papers 515, Dipartimento Scienze Economiche, Università di Bologna. [Downloadable!]
  15. Rinaldo Brau & Carlo Carraro, 2004. "The economic analysis of voluntary approaches to environmental protection. A survey," Working Paper CRENoS 200420, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia. [Downloadable!]
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