If a product has two dimensions of quality, one observable and one not, a firm can use observable quality as a signal … of unobservable quality. The correlation between consumers' valuation of high quality in each dimension is a key … determinant of the feasibility of such signaling. A firm may use price alone as a signal, or price and quality together. Both …

Companies with market power occasionally engage in intentional quality reduction of a portion of their output as a …, selling a damaged good is unprofitable. One quality reduction produces higher profits than another if the former has higher …

terms of a public good quality are done by a central planner. More specifically, they ask the question whether a local …, through a comparison of social welfare given the strategies chosen by the locals governments, that whatever the quality of the …

The authors examine the timing and quality of product introduction in an R&D stopping game, where they allow for … patterns depending on the underlying research abilities of the firms. Minimum quality standards and novelty requirements can …

feasibility and profitability of organic small-scale production. Even though smallholders tend to have quality problems with their …