Effects of Minimum Quality Standard Under Horizontal Product Differentiation

Hosaeng Rhee
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Hosaeng Rhee: Myongji University

Korean Economic Review, 2000, vol. 16, 179-191

Abstract: This paper examines the effects of Minimum Quality Standard when the products concerned are differentiated horizontally as well as vertically. The effects critically depend on the nature of strategic competition between firms through quality choices. In particular, it is shown that some firm might decrease its quality level in response to the regulation.

Keywords: Minimum Quality Standard; Horizontal Differentiation; Strategic Interaction (search for similar items in EconPapers)
JEL-codes: L13 L15 (search for similar items in EconPapers)
Date: 2000
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