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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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Crampes, C. & Hollander, A., 1991.
"Duopoly and Quality Standards,"
Cahiers de recherche
9128, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Ecchia, Giulio & Lambertini, Luca, 1997.
"Minimum Quality Standards and Collusion,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 45(1), pages 101-13, March.
- Paolo Garella, 2006.
""Innocuous" Minimum Quality Standards,"
0606, University of Crete, Department of Economics.
- Jaskold Gabszewicz, J. & Thisse, J. -F., 1979. "Price competition, quality and income disparities," Journal of Economic Theory, Elsevier, vol. 20(3), pages 340-359, June.
- Uri Ronnen, 1991. "Minimum Quality Standards, Fixed Costs, and Competition," RAND Journal of Economics, The RAND Corporation, vol. 22(4), pages 490-504, Winter.
- Maxwell, John W., 1998. "Minimum quality standards as a barrier to innovation," Economics Letters, Elsevier, vol. 58(3), pages 355-360, March.
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