The present note shows that "innocuous" Minimum Quality Standards, namely below the lowest quality in a market, may have effects on equilibrium outcomes. Such a MQS reduces the incentive to invest in R&D by the quality-leading firm.
06/03/2006
myEcon Newsletter
Εγγραφείτε στην λίστα ειδοποιήσεων του Τμήματος Οικονομικών Επιστημών.