We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

that there is always a strictly positive price-quality relation in equilibrium but the classical adverse selection effects …

extends cue diagnosticity theory and the brand identity literature by showing the power of brand identity cues in predicting …

price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to … products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product …