Consumers have increasing demands for product standards. This has important implications for development. This paper develops a firmal theory of the process of the introduction of high product standards in developing countries. The model endogenizes the introduction of high standards. Initial...

This paper presents a political economy model of public standards in an open economy model. We use the model to derive the political optimum and to analyze different factors that have an influence on this political equilibrium. The paper discusses how the level of development influences the...