A methodology for measuring the costs of universal service obligations
In: Information economics and policy, Band 12, Heft 3, S. 211-220
ISSN: 0167-6245
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In: Information economics and policy, Band 12, Heft 3, S. 211-220
ISSN: 0167-6245
In: The Bell journal of economics, Band 7, Heft 2, S. 521
In: The B.E. journal of economic analysis & policy, Band 11, Heft 1
ISSN: 1935-1682
Abstract
This paper investigates the standard finding that instituting a minimum quality standard within a vertically differentiated market unambiguously benefits consumers of high quality products. A competitive model is specified in which random cost shocks lead some firms to cheat in equilibrium on their reputation for high quality. When cheating occurs, instituting or raising the level of a minimum standard can lead to the price of high quality products either increasing or decreasing. The effect of a minimum quality standard on the price of high quality products becomes an empirical rather than a theoretical issue.
In: The Bell journal of economics, Band 11, Heft 1, S. 351
In: The Rand journal of economics, Band 20, Heft 3, S. 373
ISSN: 1756-2171
In: The Bell journal of economics, Band 8, Heft 1, S. 1
In: Journal of political economy, Band 84, Heft 6, S. 1361-1363
ISSN: 1537-534X
In: The Canadian Journal of Economics, Band 15, Heft 4, S. 774
In: Zeitschrift für die gesamte Staatswissenschaft: ZgS = Journal of institutional and theoretical economics, Band 139, Heft 3, S. 375-597
ISSN: 0044-2550
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