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.

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.
2010
E. Bacchiega; L. Lambertini; A.Mantovani
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/89261
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