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Hans Zenger
''The Optimal Regulation of Product Quality under Monopoly''
( 2006, Vol. 12 No.13 )
This paper characterizes the optimal quality regulation of a monopolist when quality is observable. In contrast to Sheshinski (1976) it is shown that a minimum quality standard may be desirable even if it induces the firm to reduce output.
Keywords: Monopoly
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
L5 - Regulation and Industrial Policy: General
Manuscript Received : Dec 13 2006 Manuscript Accepted : Dec 13 2006

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