A hedonic model featuring quality-quantity tradeoffs reveals a number of surprising market behaviors that can result …. Quality need not clear a competitive market in the same way that prices do, because quality can reduce the willingness to pay … for quantity. Producers can benefit from price ceilings, at the expense of consumers. Price ceilings can result in quality …

Poorly functioning, and often corrupt, public procurement procedures are widely faulted for the low quality of … find no evidence that e-procurement reduces prices paid by the government, but do find that it is associated with quality … improvements. In India, where we observe an independent measure of construction quality, e-procurement improves the average road …

's producers to upgrade the quality of the goods that they export. The paper first documents two stylized facts regarding the … simple analytic framework that relates a firm's choice of quality to its access to imported intermediates. The model predicts … that a reduction in the import tariff induces an incumbent importer/exporter to increase the quality of its exports and to …

-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful … generate sales that are nearly 30% higher and are sold by higher quality sellers. The market design implication is that … marketplaces can benefit from allowing sellers to use rewards to build reputations and signal their high quality in the process …

This paper provides experimental evidence on the effect of increased competition on prices and quality in the retail … from 2 to 6 percent and to a statistically significant improvement in self-reported service quality. Prices dropped more in …

increased dramatically. Finally, we show that cheap talk sellers have significantly lower quality ratings than sellers who make … quality signals are available, thus limiting the extent of cheap talk under these conditions …

, such as quality or price. An attribute is salient for a good when it stands out among the good's characteristics, in the … are characterized by only one quality attribute and price, salience tilts choices toward goods with higher ratios of … quality to price. We use the model to account for a variety of disparate bits of evidence, including decoy effects in consumer …

welfare implications. Consumers have to choose between two goods of unknown quality with exogenous presence or absence of an …

We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent … quality. Based on a range of plausible forecasting models of expected appeal, a tripling of the choice set according to … expected quality adds substantially more to consumer surplus and overall welfare than the usual long-tail benefits from a …