Differentiated credence goods and price competition

This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. To illustrate the model, we adapt it to represent a newspaper industry with two outlets, when the population of readers have preferences both on the political stance of the newspapers and on the accuracy of the news they dispatch.

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Year of publication:	2012
Authors:	Gabszewicz, Jean J. ; Resende, Joana
Published in:	Information Economics and Policy. - Elsevier, ISSN 0167-6245. - Vol. 24.2012, 3, p. 277-287
Publisher:	Elsevier
Subject:	Product differentiation \| Credence goods \| Media economics

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Type of publication:	Article
Classification:	D82 - Asymmetric and Private Information ; L15 - Information and Product Quality; Standardization and Compatibility ; L20 - Firm Objectives, Organization, and Behavior. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010595121