and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and … information reduces price dispersion, maximum price, and average price. With this model we examine empirically the effects of R … price dispersion and lower maximum prices. There is also some evidence that markets with R&Rs have lower average prices …

sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality … their quality and in the last stage, their price. Our model has a number of interesting predictions. First, it suggests that … in equilibrium, a wider range of price per unit of quality is to be found for high quality goods than for low quality …

of third-party payment interact to create substantial difficulty in measuring the price and output of health care. This …