Entry restrictions and the determination of quality
Abstract
Entry restrictions are a common form of regulation in markets and occupations, either as a means of limiting the size of a market or affecting the quality of products or services provided by it. This paper analyzes demand, cost and informational characteristics that affect the impact of this type of policies on the quality mix of products provided by an industry and the welfare of its consumers. Selective increases in the costs of entry such as licensing requirements and direct restrictions with competitive bidding for entry rights are considered. We analyze the effects of these policies on entry decisions and also the additional selection effects that are obtained when exit is allowed for and the rights to participate in an industry can be freely traded.(This abstract was borrowed from another version of this item.)
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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 10.Length:
Date of creation: Feb 1992
Date of revision:
Handle: RePEc:upf:upfgen:10
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Web page: http://www.econ.upf.edu/
Related research
Keywords:Other versions of this item:
- Walter Garcia-Fontes & Hugo Hopenhayn, 2000. "Entry restrictions and the determination of quality," Spanish Economic Review, Springer, vol. 2(2), pages 105-127.
- D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Andrew Atkeson & Christian Hellwig & Guillermo Ordonez, 2012.
"Optimal Regulation in the Presence of Reputation Concerns,"
NBER Working Papers
17898, National Bureau of Economic Research, Inc.
- Guillermo Ordonez & Andrew Atkeson, 2009. "Optimal Regulation in the Presence of Reputation Concerns," 2009 Meeting Papers 830, Society for Economic Dynamics.
- Andrew Atkeson & Christian Hellwig & Guillermo L. Ordonez, 2012. "Optimal regulation in the presence of reputation concerns," Staff Report 464, Federal Reserve Bank of Minneapolis.
- Vladimir Marianov & Daniel Serra, 1994. "Probabilistic maximal covering location models for congested systems," Economics Working Papers 70, Department of Economics and Business, Universitat Pompeu Fabra.
- Joaquim Silvestre & Antoni Bosch-Domenech, 2004.
"Credit Constraints In General Equilibrium: Experimental Results,"
Working Papers
957, University of California, Davis, Department of Economics.
- Bosch-Domenech, Antoni & Silvestre, Joaquim, 1997. "Credit Constraints in General Equilibrium: Experimental Results," Economic Journal, Royal Economic Society, vol. 107(444), pages 1445-64, September.
- Bosch-Domenech, A. & Silvestre, J., 1995. "Credit Constraint in General Equilibrium: Experimental Results," Department of Economics 95-07, California Davis - Department of Economics.
- Bosch-Domenech, A. & Silvestre, J., 1995. "Credit Constraint in General Equilibrium: Experimental Results," Papers 95-07, California Davis - Institute of Governmental Affairs.
- Antoni Bosch-Domènech & Joaquim Silvestre, 1996. "Credit constraints in general equilibrium: Experimental results," Economics Working Papers 105, Department of Economics and Business, Universitat Pompeu Fabra.
- Morris M. Kleiner & Richard M. Todd, 2009. "Mortgage Broker Regulations That Matter: Analyzing Earnings, Employment, and Outcomes for Consumers," NBER Chapters, in: Studies of Labor Market Intermediation, pages 183-231 National Bureau of Economic Research, Inc.
- Walter Garcia Fontes & Massimo Motta, 1994. "Quality of professional services under price floors," Economics Working Papers 87, Department of Economics and Business, Universitat Pompeu Fabra.
- Morris M. Kleiner & Richard M. Todd, 2007. "Mortgage Broker Regulations That Matter: Analyzing Earnings, Employment, and Outcomes for Consumers," NBER Working Papers 13684, National Bureau of Economic Research, Inc.
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