English, Article, Journal or magazine article edition: Endogenous Timing and Quality Standards in a Vertically Differentiated Duopoly Giulio ECCHIA; Luca LAMBERTINI

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Bookmark: http://trove.nla.gov.au/version/4452
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Endogenous Timing and Quality Standards in a Vertically Differentiated Duopoly
Author
  • Giulio ECCHIA
  • Luca LAMBERTINI
Physical Description
  • preprint
Notes
  • The consequences of the adoption of quality standards on the endogenous timing of moves are investigated in a vertically differentiated duopoly. We obtain two main results. First, we prove that, when the low-quality firm is Stackelberg leader in the quality stage, the related MQS is ineffective. Second, the timing game in the quality space has a unique equilibrium in pure strategies, involving simultaneous moves. The related optimal MQS is time consistent, although suboptimal from the viewpoint of the regulator.
  • Minimum Quality Standard, extended game, endogenous timing
  • RePEc:ctl:louvre:2001021
Language
  • English
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