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patterns depending on the underlying research abilities of the firms. Minimum quality standards and novelty requirements can …
Persistent link: https://www.econbiz.de/10010298821
the entry patterns we observe. Minimum quality standards and novelty requirements can play a role in correcting these … suboptimal patterns of entry. While minimum quality standards increase welfare for a large range of research abilities, we find … flat, targeted policies towards specific industries as are often observed in minimum quality standards are generally …
Persistent link: https://www.econbiz.de/10010300296
patterns depending on the underlying research abilities of the firms. Minimum quality standards and novelty requirements can … asymmetric case, as they can change the order of entry. -- Innovation ; minimum quality standards ; novelty requirements …
Persistent link: https://www.econbiz.de/10003854613
Imposing a minimum quality standard (MQS) is conventionally regarded as harmful if firms compete in quantities. This, however, ignores its possible dynamic effects. We show that an MQS can hinder collusion, resulting in dynamic welfare gains that reduce and may outweigh the static losses which...
Persistent link: https://www.econbiz.de/10003908407
the entry patterns we observe. Minimum quality standards and novelty requirements can play a role in correcting these … suboptimal patterns of entry. While minimum quality standards increase welfare for a large range of research abilities, we find … flat, targeted policies towards specific industries as are often observed in minimum quality standards are generally …
Persistent link: https://www.econbiz.de/10003958288
Persistent link: https://www.econbiz.de/10009720706
One of the drivers of green consumerism are social network externalities that are associated with buying 'green' because green consumerism is fashionable, or because of reputation effects. We analyze how the strength of this social network effect impacts green consumerism, environmental...
Persistent link: https://www.econbiz.de/10010465164
This paper derives conditions under which reputation enables certifiers to resist capture. These conditions alone have strong implications for the industrial organization of certification markets: 1) Honest certification requires high prices that may even exceed the static monopoly price. 2)...
Persistent link: https://www.econbiz.de/10010343969
This paper proposes a model for a certification market with an imperfect testing technology. Such a technology only assures that whenever two products are tested the higher quality product is more likely to pass than the lower quality one. When only one certifier with such testing technology is...
Persistent link: https://www.econbiz.de/10012722369
who undergo a testing procedure, issues the certificate if they meet the certifier's standards and collects the … standards and fees by the certifying organization (CO) is welfare inferior, while the self-regulatory organization (SRO) chooses … a welfare optimal fee, and I identify conditions under which the SRO also chooses optimal standards. If the testing …
Persistent link: https://www.econbiz.de/10014203148