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We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete information about vertical quality (e.g., consumer satisfaction) that is...
Persistent link: https://www.econbiz.de/10005459269
paper we show that the combination of multi-agent simultaneous signaling of private information, and the nature of the … commitment to provide greater effort. We find that this non-cooperative, simultaneous signaling need not be wasteful, and can …
Persistent link: https://www.econbiz.de/10005752717
through a credible direct claim; 2) signaling of quality via producer actions that influence buyersÕ beliefs about quality. In … general, these two literatures have ignored one-another. In this paper we argue that disclosure and signaling are two sides of … integration of these two alternatives leads to a number of new implications about disclosure, signaling, firm preferences over …
Persistent link: https://www.econbiz.de/10005752756
costs that would induce a high-safety firm to choose disclosure over signaling. When the firm�s full marginal cost is …
Persistent link: https://www.econbiz.de/10005595892
-situated rival? In this paper, we provide a model of non-cooperative signaling by two firms that compete over a continuum of …
Persistent link: https://www.econbiz.de/10005595920
equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the case�s value to the …
Persistent link: https://www.econbiz.de/10009320347
equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the case�s value to the …
Persistent link: https://www.econbiz.de/10008692911
In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non …
Persistent link: https://www.econbiz.de/10010610155
In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non …
Persistent link: https://www.econbiz.de/10010693397
The paper distinguishes between rigid price and flexible price versions of the Prescott (1975) “hotels” model. I focus on two dynamic models that allow for storage: The Bental and Eden (1993) model of all year round goods and the more recent Deneckere and Peck (2012) model of seasonal goods....
Persistent link: https://www.econbiz.de/10010875551