Minimum quality standards as a barrier to innovation

被引：58
|
作者：
Maxwell, JW [1 ]
机构：
[1] Indiana Univ, Kelley Sch Business, Dept Business Econ & Publ Policy, Bloomington, IN 47405 USA
来源：
ECONOMICS LETTERS | 1998年 / 58卷 / 03期
关键词：
minimum quality; regulation; innovation;
D O I：
10.1016/S0165-1765(97)00293-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Most models of minimum quality standards do not deal with the dynamic nature of regulation. This note shows that presence of minimum quality standards may reduce firm incentives to innovate, leading to a lower level of social welfare under regulation. (C) 1998 Elsevier Science S.A.
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页码：355 / 360
页数：6
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