A dynamic perspective on minimum quality standards under Cournot competition

Journal of Regulatory Economics

Volumn 39, Issue 1, 2011, Pages 29-49

  Napel, Stefan ^a   Oldehaver, Gunnar ^a  

^a UNIVERSITY OF BAYREUTH   (Germany)

Author keywords

Collusion; Cournot competition; Minimal quality standard

Indexed keywords

EID: 78651260988     PISSN: 0922680X     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11149-010-9140-1     Document Type: Article

References (31)

1. Abreu D. (1986) Extremal equilibria of oligopolistic supergames. Journal of Economic Theory 39(1): 191-225.
2. Argenton, C. (2006). Producers bargaining over a quality standard. Stockholm School of Economics working paper series in economics and finance 618.
3. Chang M. (1991) The effects of product differentiation on collusive pricing. International Journal of Industrial Organization 9(3): 453-469.
4. Chen, M., & Serfes, K. (2010). Minimum quality standard regulation under imperfect quality observability. Working paper, Drexel University.
5. Constantatos C., Perrakis S. (1998) Minimum quality standards, entry, and the timing of the quality decision. Journal of Regulatory Economics 13(1): 47-58.
6. Crampes C., Hollander A. (1995) Duopoly and quality standards. European Economic Review 39(1): 71-82.
7. Eales, J., & Binkley, J. (2003). Vertical product differentiation in theory and practice. Journal of Agricultural and Food Industrial Organization, 1(1), 16.
8. Ecchia G., Lambertini L. (1997) Minimum quality standards and collusion. Journal of Industrial Economics 45(1): 101-113.
9. Friedman J. W., Thisse J. -F. (1993) Partial collusion fosters minimum product differentiation. RAND Journal of Economics 24(4): 631-645.
10. Garella P. (2006) 'Innocuous' minimum quality standards. Economics Letters 92(3): 368-374.
11. Garella P., Petrakis E. (2008) Minimum quality standards and consumer information. Economic Theory 36(2): 283-302.
12. Gilbert R. (2006) Looking for Mr. Schumpeter: Where are we in the competition-innovation debate?. In: Jaffe A., Lerner J., Stern S. (eds) Innovation policy and the economy. NBER, Cambridge, pp 159-215.
13. Häckner J. (1994) Collusive pricing in markets for vertically differentiated products. International Journal of Industrial Organization 12(2): 155-177.
14. Huck S., Normann H.-T., Oechssler J. (2004) Two are few and four are many: Number effects in experimental oligopolies. Journal of Economic Behavior and Organization 53(4): 435-446.
15. Iori C., Lambertini L. (2006) RJVs for product innovation and cartel stability. In: Lambertini L. (eds) The economics of vertically differentiated markets. Edward Elgar, Cheltenham, pp 131-148.
16. Jehiel P. (1992) Product differentiation and price collusion. International Journal of Industrial Organization 10(4): 633-641.
17. Jinji N., Toshimitsu T. (2004) Minimum quality standards under asymmetric duopoly with endogenous quality ordering: A note. Journal of Regulatory Economics 26(2): 189-199.
18. Kuhn M. (2007) Minimum quality standards and market dominance in vertically differentiated duopoly. International Journal of Industrial Organization 25(2): 275-290.
19. Lambertini L., Scarpa C. (2006) MQS regulation and predatory pricing. In: Lambertini L. (eds) The economics of vertically differentiated markets. Edward Elgar, Cheltenham, pp 93-106.
20. Lutz S., Lyon T., Maxwell W. (2000) Quality leadership when regulatory standards are forthcoming. International Journal of Industrial Organization 48(3): 331-348.
21. Marette S. (2008) Is a minimum quality standard socially optimal?. Economics Bulletin 12(38): 1-8.
22. Motta M. (1993) Endogenous quality choice: Price vs. quantity competition. Journal of Industrial Economics 41(2): 113-131.
23. Napel, S., & Oldehaver, G. (2009). A dynamic perspective on minimum quality standards under Cournot competition. Bavarian Graduate Program in Economics discussion paper 82.
24. Nash J. F. (1950) The bargaining problem. Econometrica 18(2): 155-162.
25. Rey P., Vergé T. (2008) Economics of vertical restraints. In: Buccirossi P. (eds) Handbook of antitrust economics. MIT Press, Cambridge, MA, pp 353-390.
26. Ronnen U. (1991) Minimum quality standards, fixed costs, and competition. RAND Journal of Economics 22(4): 490-504.
27. Ross T. (1992) Cartel stability and product differentiation. International Journal of Industrial Organization 10(1): 1-13.
28. Sappington D. (2005) Regulating service quality: A survey. Journal of Regulatory Economics 27(2): 123-154.
29. Scarpa C. (1998) Minimum quality standards with more than two firms. International Journal of Industrial Organization 16(5): 665-676.
30. Sorenson T. (1997) Minimal differentiation at the top. International Journal of Economics and Business 4(1): 5-20.
31. Valletti T. (2000) Minimum quality standards under Cournot competition. Journal of Regulatory Economics 18(3): 235-245.