Arbeitspapier
The Effects of Minimum Quality Standards: Better or Worse Products?
In a duopoly where two firms' products are differentiated both, horizontally and vertically, introduction of a quality standard affects equilibrium quality levels of both firms. The effects, furthermore, depend upon consumers being or not perfectly informed about qualities. Qualities are strategic substitutes and under perfect information only non-innocuous standards, i.e. above the lowest quality in an unregulated equilibrium, change the equilibrium. However, the average quality in the market may go down due to the standard, because the high quality firm will lower its own quality, and total consumers welfare may decrease. Under uncertainty, even innocuous standards, below the lowest unregulated equilibrium quality, may alter the equilibrium quality choices.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 484
- DOI
-
doi:10.6092/unibo/amsacta/4810
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Garella, Paolo G.
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2003
Ähnliche Objekte (12)
For better or worse
Brain serotonin throughout development - for better and for worse
Children make life better or worse? Does relationship status matter?
For Better or For Worse? Collaborative Couples in the Sciences
Does Vocational Education Pay Better, or Worse, Than Academic Education?
Does vocational education pay better, or worse, than academic education?
The Marriage of the Media and Religion: For Better or Worse
EU bilateral trade agreements and intellectual property: for better or worse?
For Better and for Worse - How Unpaid Bride Wealth provides Security
It's going to get worse and worse and worse, my friend
Building Startups and Minimum Viable Products
For better or for worse? State-level marital formation and risk sharing
For better or worse
Brain serotonin throughout development - for better and for worse
Children make life better or worse? Does relationship status matter?
For Better or For Worse? Collaborative Couples in the Sciences
Does Vocational Education Pay Better, or Worse, Than Academic Education?
Does vocational education pay better, or worse, than academic education?
The Marriage of the Media and Religion: For Better or Worse
EU bilateral trade agreements and intellectual property: for better or worse?
For Better and for Worse - How Unpaid Bride Wealth provides Security
It's going to get worse and worse and worse, my friend
Building Startups and Minimum Viable Products
For better or for worse? State-level marital formation and risk sharing
For better or worse
Brain serotonin throughout development - for better and for worse
Children make life better or worse? Does relationship status matter?
For Better or For Worse? Collaborative Couples in the Sciences
Does Vocational Education Pay Better, or Worse, Than Academic Education?
Does vocational education pay better, or worse, than academic education?
The Marriage of the Media and Religion: For Better or Worse
EU bilateral trade agreements and intellectual property: for better or worse?
For Better and for Worse - How Unpaid Bride Wealth provides Security
It's going to get worse and worse and worse, my friend
Building Startups and Minimum Viable Products