; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …

valuations for quality but by image concerns. A typical monopoly outcome is a two-tier product line resembling a "masstige …This paper analyzes optimal product lines when consumers differ both in their taste for quality and in their desire for …" strategy as observed in luxury goods markets. Products can have identical quality and differ only in price and image, thereby …

In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase … signaling, buyers use it for inspection. Seller induced certification leads to more transparency, because it is informative …

This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is … about the entrant's quality. When the uninformed consumers' beliefs satisfy the "intuitive criterion" and the "unprejudiced … outcome. -- Quality uncertainty ; Signalling ; Oligopoly …

to the seller. In the second stage, the seller communicates the quality of the goods to the buyer. When the buyer …