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This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …
evidence. Without offsetting tax increases the legislation will plausibly reduce prices but significant entry into the industry …
entry is not socially optimal and we argue that the imposition of a Minimum Quality Standard (MQS) may induce firms to enter …
There has been a fundamental development in theory and understanding of market, private, collective and public organizations in recent years. This paper incorporates achievements of the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law,...
I discuss the measurement of world poverty and inequality, with particular attention to the role of purchasing power parity (PPP) price indexes from the International Comparison Project. Global inequality increased with the latest revision of the ICP, and this reduced the global poverty line...
may foster cooperation through an entry mechanism, which leads to assortative selection of interaction partners, or an …
cooperation through two mechanisms: an entry mechanism, which leads to assortative selection of interaction partners, or an exit … evidence of a positive effect of entry. Assortative selection of interaction partners seems to play a minor role in our setting …
cooperation through two mechanisms: an entry mechanism, which leads to assortative selection of interaction partners, or an exit … evidence of a positive effect of entry. Assortative selection of interaction partners seems to play a minor role in our setting …