"Innocuous" Minimum Quality Standards
AbstractThe present note shows that "innocuous" Minimum Quality Standards, namely below the lowest quality in a market, may have effects on equilibrium outcomes. Such a MQS reduces the incentive to invest in R&D by the quality-leading firm.
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Bibliographic InfoPaper provided by University of Crete, Department of Economics in its series Working Papers with number 0606.
Length: 7 pages
Date of creation: 06 Mar 2006
Date of revision:
Regulation; Minimum Quality Standards; Oligopoly; R&D;
Other versions of this item:
- L0 - Industrial Organization - - General
- L5 - Industrial Organization - - Regulation and Industrial Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-07 (All new papers)
- NEP-COM-2006-10-07 (Industrial Competition)
- NEP-INO-2006-10-07 (Innovation)
- NEP-MIC-2006-10-07 (Microeconomics)
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