REVISITING MINIMUM-QUALITY STANDARDS

被引:9
|
作者
CHAMBERS, RG [1 ]
WEISS, M [1 ]
机构
[1] USDA,WASHINGTON,DC 20250
关键词
D O I
10.1016/0165-1765(92)90223-L
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper revisits the issue of minimum-quality standards. In a model of quality uncertainty different from Leland's, minimum-quality standards are shown to conflict with the revelation principle's truthtelling requirements. Thus, minimum-quality standards in that model cannot be a component of the constrained Paretian solution outcome.
引用
收藏
页码:197 / 201
页数:5
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