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Certification and market transparency
Stahl, Konrad; Strausz, Roland - 2017
In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase transparency. While both sellers and buyers have a demand for certification, its role differs fundamentally: sellers use it for signaling, buyers use it for inspection. Seller...
Persistent link: https://www.econbiz.de/10011590937
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Signals sell : product lines when consumers differ both in taste for quality and image concern
Friedrichsen, Jana - 2018
" strategy as observed in luxury goods markets. Products can have identical quality and differ only in price and image, thereby …
Persistent link: https://www.econbiz.de/10011899163
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Signalling rivalry and quality uncertainty in a duopoly
Bester, Helmut; Demuth, Juri - 2011
observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the …
Persistent link: https://www.econbiz.de/10009404774
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Satisfaction guaranteed or money (partially) refunded : efficient refunds under asymmetric information
Welling, Linda A. - 1986 - Rev.
Persistent link: https://www.econbiz.de/10003532301
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Self-preferencing, quality provision, and welfare in mobile application markets
Teng, Xuan - 2023
Platforms often display their products ahead of third-party products in search. Is this due to consumers preferring platform-owned products or platforms engaging in self-preferencing by biasing search towards their own products? What are the welfare implications? I develop a structural model of...
Persistent link: https://www.econbiz.de/10014495178
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Self-confidence and unraveling in matching markets
Dargnies, Marie-Pierre; Hakimov, Rustamdjan; Kübler, … - 2017
We document experimentally how biased self-assessments affect the outcome of matching markets. In the experiments, we exogenously manipulate the self-confidence of participants regarding their relative performance by employing hard and easy real-effort tasks. We give participants the option to...
Persistent link: https://www.econbiz.de/10011591092
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Optimal procurement of a credence good under limited liability
Bester, Helmut; Yaofu, Ouyang - 2017
This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
Persistent link: https://www.econbiz.de/10011781931
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Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023
In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …
Persistent link: https://www.econbiz.de/10014477420
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Price indices for information and communication technology industries : an application to the German PC market
Moch, Dietmar - 2001
indices that correctly reflect the true price movements of IT products. This paper assesses the differences between … traditional and quality adjusted indices by providing results for PC hardware. Transaction price data for the period from 1985 to … 1994 are used to construct price indices for personal computers in Germany. The use of hedonic methods allows to correct …
Persistent link: https://www.econbiz.de/10013428404
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Consumer salience and quality provision in (un)regulated public service markets
Gu, Yiquan; Rasch, Alexander; Wenzel, Tobias - 2020
This paper examines the publication of quality indicators in service markets with public finance systems, such as education and healthcare markets. We provide a spatial model of product differentiation in which the reporting of such indicators increases consumers’ decision weight on quality...
Persistent link: https://www.econbiz.de/10012390724