Minimum Quality Standards and Predatory Behaviour

This paper shows that the introduction of a premium quality standard can have repercussions on the market structure, opening the possibility of predatory behavior. The predatory equilibrium exists independently of whether or not adjustment costs are present. Moreover, whenever predation is an equilibrium, it is selected by the risk dominance criteria.

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Year of publication:	1999
Authors:	Lambertini, Luca ; Scarpa, Carlo
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

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Series:	Quaderni - Working Paper DSE ; 353
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/4956 [DOI] hdl:10419/159194 [Handle] RePEc:bol:bodewp:353 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011651247