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How Many Karats Is Gold: Welfare Effects of Easing a Denomination Standard

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Author Info

  • Crampes, C.
  • Hollander, A.

Abstract

Most consumers benefit from a lowering of the required amount of aurous metal which jewelers must include in products sold as "gold." However, profits of producers of gold-plated adornments fall. The net welfare effect depends on whether the principal difference between consumers is their appreciation of the gold content, or their valuation of designation gold or gold-plated. Copyright 1995 by Kluwer Academic Publishers

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Bibliographic Info

Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 9225.

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Length: 17 pages
Date of creation: 1992
Date of revision:
Handle: RePEc:mtl:montde:9225

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Keywords: REGULATION ; ECONOMIC MODELS;

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Cited by:
  1. Crespi, John M. & Marette, Stephan, 2003. "Some Economic Implications Of Public Labeling," Journal of Food Distribution Research, Food Distribution Research Society, vol. 34(03), November.
  2. Stéphan Marette, 2005. "Regulatory Choice between a Label and a Minimum-Quality Standard, The," Center for Agricultural and Rural Development (CARD) Publications 05-wp416, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  3. Desquilbet, Marion & Monier-Dilhan, Sylvette, 2011. "Are geographical indications a worthy quality label? A framework with endogenous quality choice," TSE Working Papers 11-263, Toulouse School of Economics (TSE), revised Jun 2012.
  4. J. M. Crespi & S. Marette, 1999. "Cartel stability and suality signalling," THEMA Working Papers 99-29, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  5. Uttam Kumar Deb, 2006. "Rules of Origin and Non-Tariff Barriers in Agricultural Trade: Perspectives from Bangladesh and Cambodia," Working Papers 1206, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
  6. Stéphan Marette & John Crespi, 2003. "Can Quality Certification Lead to Stable Cartels?," Review of Industrial Organization, Springer, vol. 23(1), pages 43-64, August.
  7. Desquilbet, Marion & Hassan, Daniel & Monier-Dilhan, Sylvette, 2006. "Are Geographical Indications a Worthy Quality Signal? A Framework on Protected Designation of Origin with Endogenous Quality Choice," 2006 Annual meeting, July 23-26, Long Beach, CA 21466, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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