Alexander Kemnitz and Cyrus Hemmasi   ''Price ceilings and quality competition'' ( 2003, Vol. 4 No.20 )     This paper investigates the quality implications of an upper limit on product prices in a vertically differentiated duopoly. It is shown that a price ceiling diminishes the incentives for strategic product differentiation, thereby improving average quality in the market.     Keywords: JEL: D4 - Market Structure and Pricing: General L1 - Market Structure, Firm Strategy, and Market Performance: General   Manuscript Received : Mar 26 2003   Manuscript Accepted : Apr 18 2003   This abstract has been downloaded 2155 times                The Full PDF of this paper has been downloaded 174119 times