Bilotkach, Volodymyr - In: Bulletin of Economic Research 66 (2014) 3, pp. 231-245
type="main" <title type="main">ABSTRACT</title> <p>This paper studies effects of price floors in a simple model of vertical product differentiation. We find that even non-binding price floor (i.e., minimum price set below the lowest Nash equilibrium price in the baseline model) can increase quality on the market, if the cost...</p>