A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Minimum Quality Standards in Hedonic Markets with Environmental Externalities
Abstract We investigate the introduction of a minimum quality standard (MQS) in a vertically differentiated duopoly with an environmental externality. We establish that the MQS bites only if the hedonic component of consumer preferences is sufficiently strong. Then, we illustrate an underlying trade-off between the beneficial effects of quality enhancement on prices and the associated undesirable increase in the environmental externality.
Minimum Quality Standards in Hedonic Markets with Environmental Externalities
Abstract We investigate the introduction of a minimum quality standard (MQS) in a vertically differentiated duopoly with an environmental externality. We establish that the MQS bites only if the hedonic component of consumer preferences is sufficiently strong. Then, we illustrate an underlying trade-off between the beneficial effects of quality enhancement on prices and the associated undesirable increase in the environmental externality.
Minimum Quality Standards in Hedonic Markets with Environmental Externalities
Ecchia, Giulio (author) / Lambertini, Luca (author) / Tampieri, Alessandro (author)
Environmental Modeling & Assessment ; 18 ; 319-323
2012-10-16
5 pages
Article (Journal)
Electronic Resource
English
Minimum Quality Standards in Hedonic Markets with Environmental Externalities
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