exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and …

incentives for workers for product improvements allowing exporters to compete on quality. Offshoring production to low …-wage countries reduces costs allowing exporters to compete on price. Second, we find that Germany is the leading quality exporter in … Europe followed by Austria and Spain. Among the top 10 percent of exporters there is no single firm with low quality in …

In many cases consumers cannot observe firms' investment in quality or safety, but have only beliefs on the average … quality of the industry. In addition, the outcome of the collective investment game of the firms may be stochastic since firms … consumers' subjective perceptions of the industry level of quality matter, the regulator may make information available to firms …