A reply to “Quality standards, industry structure, and welfare in a global economy”
回应了曾道智对Gaigné和Larue论文的评论，澄清了在不完全市场和国际贸易条件下最低质量标准对福利的影响。
Abstract Dao‐Zhi Zeng's comment identifies an important and potentially confusing ambiguity in Gaigné and Larue on the impact of quality regulations on welfare. In this reply, we clarify the effects of minimum quality standards on welfare under market imperfections and international trade.