Optimal collective reputation
| Autor: | Pu-Yan Nie, Hong-Xing Wen, Chan Wang |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Journal of Applied Economics, Vol 26, Iss 1 (2023) |
| Druh dokumentu: | article |
| ISSN: | 15140326 1667-6726 1514-0326 |
| DOI: | 10.1080/15140326.2023.2279446 |
| Popis: | ABSTRACTCollective reputation, such as watches “made in Switzerland”, affects the whole industry all over the world. This article highlights the relationship between competition and collective reputation. First, collective quality level depends on firms objectives. Second, the collectively determined quality of profit incentive firms reaches social optimal level. Finally, quality restriction is more efficient than subsidies to promote collective quality. The policy implication is that antitrust policy should not care about jointly determined quality for profit incentive firms. Further, cooperative innovation is encouraged to promote the collective reputation or cooperative innovation promotes the values of patents by collective reputation. |
| Databáze: | Directory of Open Access Journals |
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