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 neither. We show that two … types of signalling equilibria are possible. Both are characterised by dispersion and Pareto-inefficiency of the price/quality …

apartment characteristics based on residential mobility. We focus 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. …

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 …

effect of competition on educational quality as only a few countries allow large scale competition. In the Netherlands free …

thetrue quality of the tourist goods increases the convenience for producers to cut back on quality. Tocontinue to serve high … quality goods and keep up the reputation of the destination as demandcontinues to grow, producers need to gain a mark-up on … increasinglysusbstituted by visitors with lesser quality expectations. In the end, the dynamics explained withthis approach are consistent with …