Standards and Labels

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Standards and Labels

Author Info

stephan marette () (UMR ECONOMIE PUBLIQUE INRA AGROPARISTECH)

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Stéphan Marette

Abstract

This paper explores the effects of a standard and/or a label influencing care choice. An effort by the firm may increase the probability of offering safe/high-quality products and a label may also be chosen to provide additional information to consumers. It is shown that, except for a few cases, a safety standard maximizing welfare corrects the safety underinvestment by the firm. The safety standard also changes the label choice compared to the private choice that would be made without any regulation. In particular, the enforcement of a safety standard may lead to the absence of a label or to the emergence of a voluntary/mandatory label.

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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 12 (2008)
Issue (Month): 2 ()
Pages: 1-7
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:12:y:2008:i:2:p:1-7

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Related research
Keywords: information; safety; standard;

Find related papers by JEL classification:
L5 - Industrial Organization - - Regulation and Industrial Policy
L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Paolo Garella & Emmanuel Petrakis, 2005. "Minimum Quality Standards and Consumers Information," Working Papers 0510, University of Crete, Department of Economics. [Downloadable!]
Other versions:
- P. Garella & P. Petrakis, 2004. "Minimum Quality Standards and ConsumersÕ Information," Working Papers 532, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
- Paolo G. GARELLA & Emmanuel PETRAKIS, 2007. "Minimum quality standards and consumers’ information," Departemental Working Papers 2007-12, Department of Economics University of Milan Italy. [Downloadable!]
- Paolo Garella & Emmanuel Petrakis, 2008. "Minimum quality standards and consumers’ information," Economic Theory, Springer, vol. 36(2), pages 283-302, August. [Downloadable!] (restricted)
Hackner, Jonas, 2000. "A Note on Price and Quantity Competition in Differentiated Oligopolies," Journal of Economic Theory, Elsevier, vol. 93(2), pages 233-239, August. [Downloadable!] (restricted)
Other versions:
- Häckner, Jonas, 1999. "A Note on Price and Quantity Competition in Differentiated Oligopolies," Research Papers in Economics 1999:9, Stockholm University, Department of Economics.
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:
- Stephan Marette, 2007. "Minimum Safety Standard, Consumers' Information, and Competition, The," Center for Agricultural and Rural Development (CARD) Publications 07-wp441, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
- Stephan Marette, 2007. "Minimum Safety Standard, Consumers' Information, and Competition, The," Food and Agricultural Policy Research Institute (FAPRI) Publications 07-wp441, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University. [Downloadable!]
Stéphan Marette, 2007. "Minimum safety standard, consumers’ information and competition," Journal of Regulatory Economics, Springer, vol. 32(3), pages 259-285, December. [Downloadable!] (restricted)
Uri Ronnen, 1991. "Minimum Quality Standards, Fixed Costs, and Competition," RAND Journal of Economics, The RAND Corporation, vol. 22(4), pages 490-504, Winter. [Downloadable!] (restricted)
Leland, Hayne E, 1979. "Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1328-46, December. [Downloadable!] (restricted)

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This page was last updated on 2009-12-12.

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