Guaranteeing Quality in the EU: Who Gains Most?

Chris Hudson, John Hudson

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Regulating product quality benefits consumers in reducing uncertainty and allowing them to economize on search costs. Theoretical analysis suggests that not all consumers benefit to the same extent, with non-poor, less well educated and older people tending to gain most. These conclusions are supported by regression analysis of Eurobarometer data on attitudes to an EU priority to guarantee quality. The results also indicate the essential nature of the EU trade-off with countries having to compromise on their desired outcome when agreeing on a common EU standard. Institutional trust is also a critical factor in determining support for such a standard.
Original languageEnglish
Pages (from-to)283-298
JournalJournal of Regulatory Economics
Volume33
Issue number3
DOIs
Publication statusPublished - 2008

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Product quality
Regression analysis
Theoretical analysis
Guarantee
Institutional trust
Compromise
Trade-offs
Older people
Uncertainty
Search costs
Critical factors

Keywords

  • Economics of Regulation (L510)
  • Consumer Protection (D180)

Cite this

Guaranteeing Quality in the EU: Who Gains Most? / Hudson, Chris; Hudson, John.

In: Journal of Regulatory Economics, Vol. 33, No. 3, 2008, p. 283-298.

Research output: Contribution to journalArticle

Hudson, Chris ; Hudson, John. / Guaranteeing Quality in the EU: Who Gains Most?. In: Journal of Regulatory Economics. 2008 ; Vol. 33, No. 3. pp. 283-298.
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