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)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
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.
Market structure and voluntary product standards
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Created on 3/28/2022
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Additional Information
- Publication
- Applied Economics, 1983, 15(3): 393-401
- Language: English
- Date: 1983
- Keywords
- voluntary product standards, market structure, consumer products