INTERNATIONAL SPILLOVERS OF QUALITY REGULATIONS
研究了非歧视性产品规制（如质量标准）在多国一般均衡框架下对其他国家产生的正向溢出效应，并量化了其对福利的影响。
Abstract This article investigates the international spillover effects of nondiscriminatory product regulations, for example, quality standards, in a multicountry general equilibrium framework with firm heterogeneity. In the presence of variable markups, when regulations are applied as a fixed cost consistent with stylized facts, they generate a positive spillover on the rest of the world as they induce entry of high‐quality firms and improve the terms of trade of the nonimposing countries. The benefits of such regulations are not fully realized under noncooperative policy settings, rationalizing international cooperation. We estimate our model to quantify the effects of regulations on various welfare‐relevant outcomes.