Alfnes, Frode; Rickertsen, Kyrre; Ueland, Øydis - In: Applied Economics 40 (2008) 23, pp. 3039-3049
Consistency of quality is viewed as important for producers of consumer goods. However, there is no literature testing the importance of quality consistency on consumers' willingness to pay for consumer goods. We use an experimental auction market to investigate how inconsistency in tenderness...