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Asymmetric information and overinvestment in quality
Belleflamme, Paul; Peitz, Martin - 2009
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10010264613
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Quality competition versus price competition goods: An empirical classification
Baldwin, Richard E.; Ito, Tadashi - 2008
(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find …
Persistent link: https://www.econbiz.de/10010316749
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Quality and welfare in a mixed duopoly with regulated prices: The case of a public and a private hospital
Herr, Annika - 2010
Hospital markets are often characterised by price regulation and the existence of different ownership types. Using a …, profits, and overall welfare in a price regulated duopoly with exogenous symmetric locations. In contrast to other studies on … driving force is the single regulated price which induces under-(over-)provision of quality of the more (less) efficient …
Persistent link: https://www.econbiz.de/10010302580
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Competition in the market for supplementary health insurance: The case of competing nonprofit sickness funds
Ellert, Alexander; Urmann, Oliver - 2012
This paper examines the competition of nonprofit sickness funds in the market for supplementary health insurance. We investigate product quality strategies when quality is costly and the sickness funds are competing for customers. As long as the sickness funds choose the qualities for...
Persistent link: https://www.econbiz.de/10010327598
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Platform Standards, Collusion and Quality Incentives
Salim, Claudia - 2009
whether to operate standardised or exclusively, prior to quality and subsequent price competition. We find that platforms …
Persistent link: https://www.econbiz.de/10010333982
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Search costs and risky investment in quality
Fishman, Arthur; Levy, Nadav - 2011
One striking development associated with the explosion of e-commerce is the increased transparency of sellers' quality history. In this paper we analyze how this affects firms' incentives to invest in quality when the outcome of investment is uncertain. We identify two conflicting effects. On...
Persistent link: https://www.econbiz.de/10010336006
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Quality competition or quality cooperation? License-type and the strategic nature of open source vs. closed source business models
von Engelhardt, Sebastian - 2010
model that combines aspects of non-cooperative R&D with the theory of differentiated oligopolies: In stage one, firms …
Persistent link: https://www.econbiz.de/10010273866
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Advertising as distortion of learning in markets with network externalities
Brekke, Kjell Arne; Rege, Mari - 2006
We present a theory of how advertising can break a lock-in by distorting beliefs about market shares in markets with …
Persistent link: https://www.econbiz.de/10010284390
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Measuring strategic firm interaction in product-quality choices: The case of airline flight frequency
Brueckner, Jan K.; Luo, Dan - 2013
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10010291565
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Tilting the Supply Schedule to Enhance Competition in Uniform-Price Auctions
LiCalzi, Marco; Pavan, Alessandro - 2003
Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high … the amount of divisible good on offer change endogenously with its (uniform) price. Precommitting to an increasing supply …
Persistent link: https://www.econbiz.de/10011325063