On MQS regulation, innovation and market coverage
We revisit Maxwell's (1998) analysis to show that his results are incompatible with the assumption of full market coverage. As a consequence, the effects of MQS regulation on the high-quality firm's incentive to adopt a more efficient technology cannot be assessed in this model.
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- Giulio Ecchia & Luca Lambertini, 1995.
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235, Dipartimento Scienze Economiche, Universita' di Bologna.
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0606, University of Crete, Department of Economics.
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Cahiers de recherche
9128, Universite de Montreal, Departement de sciences economiques.
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