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Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: in the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10009386559
Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10009395943
Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10010573874
by selective disclosure of facts. As is well known from the literature, competition between the informed parties …
Persistent link: https://www.econbiz.de/10011583287
by selective disclosure of facts. As is well known from the literature, competition between the informed parties …
Persistent link: https://www.econbiz.de/10011419483
Persistent link: https://www.econbiz.de/10012133774
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Persistent link: https://www.econbiz.de/10009658197