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The widespread availability of digital technologies has made mandatory price disclosure policies (MPD) a convenient … tool for policymakers to increase price transparency and foster competition. The literature has shown that these can …
Persistent link: https://www.econbiz.de/10014577477
price information to consumers depends on how well informed they are beforehand. Theoretically, an increase in consumer … information decreases prices more, the fewer ex ante informed consumers there are. Empirically, we study mandatory price …
Persistent link: https://www.econbiz.de/10014495802
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
Persistent link: https://www.econbiz.de/10011376636
Persistent link: https://www.econbiz.de/10012220267
simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … as quality simultaneously. In conclusion, our results show that equilibrium solutions of RPM and APM are distinct. We … circumstances RPM induces more competition or less competition w.r.t the price or non-price dimension. …
Persistent link: https://www.econbiz.de/10011335507
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
Persistent link: https://www.econbiz.de/10010325731
own-price elasticity of quantity demand for soda of between −1.0 and −1.3. These estimates ignore consumer responses on … the quality margin and correlated measurement errors. We use Mexican household budget survey data and city-level soda … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity …
Persistent link: https://www.econbiz.de/10011653493
service quality, perceived service value, and willingness to buy travel services. Results indicate that: (1) price has a …’ perceptions of travel services. This research uses an established model to examine how price, brand and store variables … (operationalized as vacation price, travel service brand name, and travel agent name) influence consumers’ perceptions of travel …
Persistent link: https://www.econbiz.de/10009452204
supply capacity as a market outcome alongside price and quality; (ii) taking account of the chain structure of care home …We investigate the impact of exogenous local conditions which favour high market concentration on supply, price and … quality in local markets for care homes for older people in England. We extend the existing literature in: (i) considering …
Persistent link: https://www.econbiz.de/10012388801
endogenously based on customers' quality preference, which affects each ownership type's viability. Customer ownership arises when … quality preference falls below the threshold for profitable entry by investors, but above that for entry by customer …-owners. When quality preferences diverge sufficiently, a profitmaximising investor-owned utility produces higher welfare than a …
Persistent link: https://www.econbiz.de/10012624277