منابع مشابه
Minimum Quality Standards and consumers’ information
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...
متن کاملMinimum 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...
متن کاملInnocuous Implications of a Minimum Length in Quantum Gravity
A modification to the time-energy uncertainty relation in quantum gravity has been interpreted as increasing the duration of fluctuations producing virtual black holes with masses greater than the Planck mass. I point out that such virtual black holes have an exponential factor arising from the action such that their contribution to proton decay is suppressed, rather than enhanced, relative to ...
متن کاملSpatial Price Equilibrium with Information Asymmetry in Quality and Minimum Quality Standards
A spatial price equilibrium model with information asymmetry in quality is developed in both static and dynamic versions. Producers at the supply markets are aware of the quality of their products, whereas consumers, located at the demand markets, are aware only of the average quality of the products that are shipped to their demand markets. Minimum quality standards are also captured in order ...
متن کاملMinimum standards of anorectal manometry.
Functional disorders of the anus and rectum affect 10–20% of the population. Tests of anorectal function can provide useful information regarding the pathophysiology of disorders that affect continence and defecation or those that cause anorectal pain. Currently, several tests are available for evaluating anorectal function (Table 1). Often, they complement each other, but among the various tes...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2006
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2006.03.022