The Regulatory Choice between a Label and a Minimum-Quality Standard, 2005

This paper revisits the issue of the regulatory choice between a mandatory label and a minimum-quality standard. When the cost of regulation is relatively low, we show that the socially optimal choice depends on the producers’ cost structure for complying with regulation and improving quality. Under a marginal cost for improving quality, the mandatory labeling is sufficient for reaching the socially optimal level of quality. Under a fixed cost for improving quality, we show that each instrument or the combination of both instruments may emerge at the equilibrium.

The Minimum Safety Standard, Consumers’ Information, and Competition, February 2007

This paper explores the effects of a standard influencing care choice. Firm(s) may increase the probability of offering safe products by incurring a cost. Under duopoly, they compete either in prices or in quantities. Under perfect information about safety for consumers, the selected standard that corrects a safety underinvestment is always compatible with competition. Safety over investment only emerges under competition in quantities and relatively low values of the cost. Under imperfect information about safety for consumers, the standard leads to a monopoly situation. However, for relatively large values of the cost, a standard cannot impede the market failure coming from the lack of information.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, April 19, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, May 17, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, June 21, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, July 19, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, August 16, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, September 20, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, October 18, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, November 15, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, December 20, 2011; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, January 18, 2012; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, February 21, 2012; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, March 20, 2012; With Addendums

Weekly letting report.

Iowa Department of Transportation Major Items - Preliminary Quantity Report, April 17, 2012; With Addendums

Weekly letting report.