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Customer Directed Advertising and Product Quality
Esteban, Lola; Hernández, José M.; Moraga-González, … - Tinbergen Institute - 2001
downgrades quality whereas the seller sometimes upgrades it. Our model of targeting with endogenous product quality provides some … new insights into the way the transition from mass to specialized advertising can affect market outcomes. Quality …
Persistent link: https://www.econbiz.de/10005137306
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Customer Directed Advertising and Product Quality
Esteban, Lola; Hernandez, Jose M.; Moraga-Gonzalez, … - Tinbergen Instituut - 2001
downgrades quality whereas the seller sometimes upgrades it. Our model of targeting with endogenous product quality provides some … new insights into the way the transition from mass to specialized advertising can affect market outcomes. Quality …
Persistent link: https://www.econbiz.de/10011256530
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Signaling Quality through Prices in an Oligopoly
Janssen, Maarten C.W.; Roy, Santanu - Tinbergen Instituut - 2007
Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms …
Persistent link: https://www.econbiz.de/10011255858
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Signaling Quality through Prices in an Oligopoly
Janssen, Maarten C.W.; Roy, Santanu - Tinbergen Institute - 2007
Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms …
Persistent link: https://www.econbiz.de/10005137397
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Learning, Forecasting and Optimizing: An Experimental Study
Bao, Te; Duffy, John; Hommes, Cars - Tinbergen Instituut - 2012
This discussion paper led to a publication in the 'European Economic Review' (2013). Vol. 61, pp. 186-204.<P> Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve...</p>
Persistent link: https://www.econbiz.de/10011256912
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From Mind to Market: A Global, Dynamic Analysis of R&D
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2011
This discussion paper resulted in a publication in the <I>Journal of Economic Dynamics and Control</I> (2013), 37(12), 2729-2754.<P> Existing models of R&D are not easily reconciled with four observable aspects of R&D: initial technologies ('ideas') need to be developed further, only a minority of initial...</p></i>
Persistent link: https://www.econbiz.de/10011256239
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Deterministic versus Random Utility: Implied Patterns of Vertical Product Differentiation in a Multi-Product Monopoly
Behrens, Christiaan; Lijesen, Mark; Pels, Eric; … - Tinbergen Instituut - 2012
In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random … the level of unobserved demand heterogeneity and the observed dispersion of willingness to pay for quality. Only if … for quality do not affect the relative welfare efficiency of the monopolist. …
Persistent link: https://www.econbiz.de/10011256885
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Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Instituut - 2008
oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers … know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two … types of signalling equilibria are possible. Both are characterised by dispersion and Pareto-inefficiency of the price/quality …
Persistent link: https://www.econbiz.de/10011255624
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Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Institute - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
Persistent link: https://www.econbiz.de/10005136872
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Why Are Residents Reluctant to Consult Attending Physicians?
Swank, Otto H. - Tinbergen Institute - 2009
A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10005016275