Hollander, A.; Monier-Dilhan, S.; Raynal, H. - Département d'Économie et Sociologie Rurales, … - 2001
The role of grading is to disclose the quality of individual units of output. Each firm produces high and low quality … units in different proportions. Quality specification is a choice variable and, all producers have access to the same … effect on the quality of output that undergoes grading. Also, surprisingly, it finds that in response to changes in the cost …