Minimum Quality Standards under Asymmetric Duopoly with Endogenous Quality Ordering: A Note

Naoto Jinji () and Tsuyoshi Toshimitsu

Journal of Regulatory Economics, 2004, vol. 26, issue 2, pages 189-199

Abstract: In this note, we revisit minimum quality standards (MQS) under a vertically differentiated duopoly. We generalize the model in Ronnen (1991) and Valletti (2000) by introducing asymmetry into the fixed cost of quality improvement and by explicitly taking into account the endogeneity of quality ordering. In the generalized model, we show that the results derived by Ronnen (1991) and Valletti (2000) are largely robust.

Date: 2004
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Persistent link: http://EconPapers.repec.org/RePEc:kap:regeco:v:26:y:2004:i:2:p:189-199

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