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A Dynamic Perspective on Minimum Quality Standards under Cournot Competition

Title data

Napel, Stefan ; Oldehaver, Gunnar:
A Dynamic Perspective on Minimum Quality Standards under Cournot Competition.
In: Journal of Regulatory Economics. Vol. 39 (2011) Issue 1 . - pp. 29-49.
ISSN 1573-0468
DOI: https://doi.org/10.1007/s11149-010-9140-1

Abstract in another language

Imposing a minimum quality standard (MQS) is conventionally regarded as harmful if firms compete in quantities. This, however, ignores its possible dynamic effects. We show that an MQS can hinder collusion, resulting in dynamic welfare gains that reduce and may outweigh the static losses which are caused by regulation’s distortive effect on equilibrium qualities. Verdicts on MQS thus depend even more on the market structure at hand than has been acknowledged.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Minimal quality standard; Cournot competition; collusion
Subject classification: L41; L51; L15; D43;
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics IV
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics IV > Chair Economics IV - Univ.-Prof. Dr. Stefan Napel
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences
300 Social sciences > 320 Political science
300 Social sciences > 330 Economics
Date Deposited: 12 Feb 2016 09:17
Last Modified: 03 May 2017 08:12
URI: https://eref.uni-bayreuth.de/id/eprint/30226