Will geographical indications supply excessive quality?
研究负责制定地理标志产品规范的生产者组织如何选择质量水平，发现其有动机提供超过社会最优水平的质量。
This study investigates the choice of quality by producer organisations (POs) in charge of defining product specifications for geographical indications. The model assumes that the PO chooses the quality level that maximises joint producer profits in anticipation of the competitive equilibrium that arises once quality is set. Using a fairly general variant of the vertical differentiation model and a flexible specification of production costs, we show that the PO has an incentive to supply quality in excess of the socially optimal level. , Oxford University Press.