This paper develops a monopolistic competition model to study the characteristics of products, such as quality …

This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer … increases in either search or advertising costs are reflected in higher equilibrium prices. To test the predictions regarding … the level and dispersion of prices and advertising intensity, we vary the costs of search and advertising as well as the …

differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous … from an initial level and then the low types will “catch-up” to the quality distance at the beginning of a cycle. This …

market is monopoly, and study the quality decision and the pricing of the durable goods monopolist whose first …-generation product has higher quality than the second-generation one, which is not available at the time the first-generation product is … intertemporal quality discrimination. Our analysis focuses on whether the monopolist would produce goods with qualities higher than …

Self regulation is a mechanism of quality vigilance that is frequently used in credence good industries. The providers … high standards of quality. The SRO main objective is to create confidence among consumers about the quality they are … receiving from the market. Hence, consumers expects that an SRO: a) effectively watch her members, controlling their quality …