We revisit Maxwell's (1998) analysis to show that his results are incompatible with the assumption of full market coverage. As a consequence, the effects of MQS regulation on the high-quality firm's incentive to adopt a more efficient technology cannot be assessed in this model.
E. Bacchiega, L. Lambertini, A.Mantovani (2010). On MQS regulation, innovation and market coverage. ECONOMICS LETTERS, 108(1), 26-27.
On MQS regulation, innovation and market coverage
BACCHIEGA, EMANUELE;LAMBERTINI, LUCA;MANTOVANI, ANDREA
2010
Abstract
We revisit Maxwell's (1998) analysis to show that his results are incompatible with the assumption of full market coverage. As a consequence, the effects of MQS regulation on the high-quality firm's incentive to adopt a more efficient technology cannot be assessed in this model.File in questo prodotto:
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