Odisha is one of the poorest states in the country, with around 36 per cent of the rural population living below the poverty line. Ninety one per cent of poverty in Odisha is rural and more than 60 per cent of its workforce is engaged in agriculture. During the five years from 2010-11 to...

This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can...