Market structure and voluntary product standards

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Albert N. Link, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site:

Abstract: A voluntary standard is an agreement intended to facilitate communication within an industry. Specifically, it is a technical document to describe design, material, processing, safety or performance characteristics of a product (US Federal Trade Commission, 1978). Standards serve to meet various functions: 1. to provide information such as consistent terminologies or measurement methods; 2, to ensure physical compatability between related products produced by different manufacturers; 3. to establish minimum acceptable levels of product quality; or 4. to restrict product variety so that production economies can be realized.

Additional Information

Applied Economics, 1983, 15(3): 393-401
Language: English
Date: 1983
voluntary product standards, market structure, consumer products

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