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 … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …

entry is not socially optimal and we argue that the imposition of a Minimum Quality Standard (MQS) may induce firms to enter …

evidence. Without offsetting tax increases the legislation will plausibly reduce prices but significant entry into the industry …

clauses limit the incentives to face-to-face competition and determine segmentation and monopoly pricing even when entry of … new competitors occurs. The development of wholesale trade, instead, may induce generalized entry and retail competition …

in a process of branch proliferation and industry concentration, but it also set in motion a pre-entry selection … mechanism. Conversely, before completion of the regulatory reform, in 1989, entry was possible even for very small firms, and …