๐”– Bobbio Scriptorium
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Productivity and Welfare

โœ Scribed by Lilyan E. Fulginiti; Richard K. Perrin


Publisher
Springer
Year
2005
Tongue
English
Weight
250 KB
Volume
24
Category
Article
ISSN
0895-562X

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Welfare and product testing by a regulat
โœ Tim S. Campbell; Yuk-Shee Chan; Anthony M. Marino ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 690 KB

This paper studies a monopoly firm with the ability to conduct costly pre-market testing of its product in order to predict how safe this product is to consume. While there are private incentives to test, the amount of testing effort supplied by a monopolist need not be optimal. In a model which all