The moduli space of holomorphic maps from Riemann surfaces to the Grassmannian is known to have two kinds of compactifications: Kontsevich’s stable map compactification and Marian–Oprea–Pandharipande’s stable quotient compactification. Over a non-singular curve, the latter moduli space is Grothendieck’s Quot scheme. In this paper, we give the notion of ‘ ϵ-stable quotients’ for a positive real number ϵ, and show that stable maps and stable quotients are related by wall-crossing phenomena. We will also discuss Gromov–Witten type invariants associated to ϵ-stable quotients, and investigate them under wall crossing.