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...

Although nutrition contributes to welfare in and of itself, it also contributes to individual economic productivity, as well as national income growth. The argument that improving nutrition is an investment on par with other productivity-enhancing expenditures rather than simply a form of...