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Is a Minimum Quality Standard Socially Optimal?

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Author Info
Stephan Marette () (UMR Economie Publique INRA)

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Abstract

This paper explores the role of a minimum quality standard when the quality choice is discrete. A minimum quality standard is never a socially optimal policy under Bertrand and Cournot competition. Conversely, it is often optimal to subsidize or tax the high quality in order to implement different firms’ choices corresponding to a situation of welfare maximization.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume12/EB-08L50013A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 12 (2008)
Issue (Month): 39 ()
Pages: 1-8
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:39:p:1-8

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Related research
Keywords: quality; standard;

Find related papers by JEL classification:
L5 - Industrial Organization - - Regulation and Industrial Policy

References listed on IDEAS
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  1. Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August. [Downloadable!] (restricted)
  2. 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)
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Statistics
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This page was last updated on 2009-12-12.

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