Krähenmann, Philemon; Conze, Maximilian - In: Essays in industrial organization, (pp. 33-56). 2019
Chapter 2 examines whether a position in a search list (e.g. on a sales platform) can signal the quality of an experience good, if firms are allowed to pay for it. We show that it can do so, if vertical differentiation between firms is high, while it cannot, if it is low. Intuitively, if...