Minimum Quality Standards under Cournot Competition
Journal of Regulatory Economics, 2000, vol. 18, issue 3, 235-45
I study the consequences of imposing a minimum quality standard on an industry in which firms first incur fixed quality development costs and subsequently compete over quantity. I find that a mildly restrictive minimum quality standard unambiguously reduces total welfare, in contrast to previous findings derived in the literature where it is assumed that firms compete over prices. Copyright 2000 by Kluwer Academic Publishers
References: Add references at CitEc
Citations: View citations in EconPapers (87) Track citations by RSS feed
Downloads: (external link)
http://journals.kluweronline.com/issn/0922-680X/contents link to full text (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:regeco:v:18:y:2000:i:3:p:235-45
Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11149/PS2
Access Statistics for this article
Journal of Regulatory Economics is currently edited by Menaham Spiegel
More articles in Journal of Regulatory Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().