on the households' marginal willingness to pay for quality of apartments. We find that, on average, households place a … monetary value on quality which is close to the non-profit housing associations' costs of providing quality. …

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

downgrades quality whereas the seller sometimes upgrades it. Our model of targeting with endogenous product quality provides some … new insights into the way the transition from mass to specialized advertising can affect market outcomes. Quality …

Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms …

learn the true quality of the tourist goods increases the convenience for producers to cut back on quality. To continue to … serve high quality goods and keep up the reputation of the destination as demand continues to grow, producers need to gain a … which are increasingly susbstituted by visitors with lesser quality expectations. In the end, the dynamics explained with …

Ample evidence is available for the effect of competition on educational quality as only a few countries allow large …