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Will geographical indications supply excessive quality?

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  • Pierre Mérel
  • Richard J. Sexton

Abstract

This study investigates the choice of quality by producer organisations (POs) in charge of defining product specifications for geographical indications. The model assumes that the PO chooses the quality level that maximises joint producer profits in anticipation of the competitive equilibrium that arises once quality is set. Using a fairly general variant of the vertical differentiation model and a flexible specification of production costs, we show that the PO has an incentive to supply quality in excess of the socially optimal level. , Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/erae/jbr056
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Bibliographic Info

Article provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

Volume (Year): 39 (2012)
Issue (Month): 4 (September)
Pages: 567-587

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Handle: RePEc:oup:erevae:v:39:y:2012:i:4:p:567-587

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References

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  1. Sergio H. Lence & Stéphan Marette & Dermot J. Hayes & William Foster, 2007. "Collective Marketing Arrangements for Geographically Differentiated Agricultural Products: Welfare Impacts and Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 89(4), pages 947-963.
  2. Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
  3. Pierre R. Mérel, 2008. "On the Deadweight Cost of Production Requirements for Geographically Differentiated Agricultural Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 91(3), pages 642-655.
  4. A. Michael Spence, 1975. "Monopoly, Quality, and Regulation," Bell Journal of Economics, The RAND Corporation, The RAND Corporation, vol. 6(2), pages 417-429, Autumn.
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Cited by:
  1. Bouamra-Mechemache, Zohra & Jianyu, Yu, 2013. "Production Standards, Competition and Vertical Relationship," TSE Working Papers, Toulouse School of Economics (TSE) 13-417, Toulouse School of Economics (TSE).
  2. repec:gbl:wpaper:2013-01 is not listed on IDEAS
  3. Bonroy, O. & Constantatos, C., 2014. "On the economics of labels : how their introduction affects the functioning of markets and the welfare of all participants," Working Papers, Grenoble Applied Economics Laboratory (GAEL) 2014-03, Grenoble Applied Economics Laboratory (GAEL).

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