Higher Minimum Quality Standards and Redistributive Effects on Consumer Welfare
نویسندگان
چکیده
منابع مشابه
Minimum Quality Standards, Industry Self Regulation, and Economic Welfare
We analyze the impact of an endogenous minimum quality standard (MQS) imposed on an industry collectively by producers based upon a profit criterion, a situation common to agricultural industries. A MQS can enhance net welfare in these settings because it may correct for deficient production of high-quality product by the industry in the absence of a MQS. However, we show that any MQS imposed v...
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The literature so far has analyzed the effects of Minimum Quality Standards in oligopoly, using models of pure vertical differentiation, with only two firms, and perfect information. We analyze products that are differentiated horizontally and vertically, with imperfect consumers information, and more than two firms. We show that a MQS changes the consumers’ perception of produced qualities. Th...
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ENVIRONMENTAL quality has be come a prime public concern worldwide. Not surprisingly, the improvement of environmental stan dards is high on public representatives’ agenda. However, the public desire for higher environmental standards has usu ally met with severe resistance by domes tic industrial groups and their lobbies. Underlying this resistance has been industry’s claim that by raising...
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ژورنال
عنوان ژورنال: Marketing Science
سال: 2020
ISSN: 0732-2399,1526-548X
DOI: 10.1287/mksc.2019.1172