This paper studies the effect of non-compliance with a minimum quality standard on prices, quality, and welfare in a … vertical differentiation model. Non-compliance with a minimum quality standard by a low-quality firm reduces quality levels of …

This paper studies the interaction of a minimum quality standard and exports in a vertical product differentiation … firms, a mild minimum quality standard in the home market hinders (supports) exports. The minimum quality standard increases … quality in both markets. A welfare maximizing minimum quality standard is always lower under trade than under autarky. A …

This paper studies the effect of non-compliance with a minimum quality standard on prices, quality, and welfare in a … vertical differentiation model. Non-compliance with a minimum quality standard by a low-quality firm reduces quality levels of …

This paper studies the effect of non-compliance with a minimum quality standard on prices, quality, and welfare in a … vertical differentiation model. Non-compliance with a minimum quality standard by a low-quality firm reduces quality levels of …

This paper studies the interaction of a minimum quality standard and exports in a vertical product differentiation … firms, a mild minimum quality standard in the home market hinders (supports) exports. The minimum quality standard increases … quality in both markets. A welfare maximizing minimum quality standard is always lower under trade than under autarky. A …

, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …