On MQS regulation, innovation and market coverage
We revisit Maxwell’s (1998) analysis to show that MQS regulation has no effects on the high-quality firm’s incentive to adopt a more efficient technology in a vertically differentiated duopoly with full market coverage and convex costs of quality improvements which are independent of the scale of production.
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370, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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