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The last couple of decades have seen an increased retail concentration around the world, particularly in Europe. Views on the welfare implications of this severe change are controversial. Consumers might benefit because larger stores (owned by larger retailer chains) offer more product choices....
Persistent link: https://www.econbiz.de/10010297135
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 …
Persistent link: https://www.econbiz.de/10010325731
Persistent link: https://www.econbiz.de/10011558758
This paper gives a survey of often used techniques to determine hedonic price indices. The hedonic function analyses … the relationship between certain aspects of a product's quality and its price by applying regression techniques. Thus it … is possible to distinguish between the effects of changes in quality and pure price effects, providing a method to …
Persistent link: https://www.econbiz.de/10010296488
and trade in which duopolistic firms face quality-dependent costs and compete in quality and price in two segmented …
Persistent link: https://www.econbiz.de/10010297292
and price in two segmented markets. Minimum quality standards, set according to the principle of Mutual Recognition, can …
Persistent link: https://www.econbiz.de/10010298134
price discriminate while the low-quality entrant sets a uniform price. The incumbent may act as a predator, that is, it may … price below its marginal costs on a subset of consumers to induce the rival's exit. We show that the entrant may adopt an … show that when the incumbent may choose whether to price discriminate or not before the game starts, if the quality cost …
Persistent link: https://www.econbiz.de/10010298606
price discriminate while the low-quality entrant sets a uniform price. The incumbent may act as a predator, that is, it may … price below its marginal costs on a subset of consumers to induce the rival's exit. We show that the entrant may adopt an … show that when the incumbent may choose whether to price discriminate or not before the game starts, if the quality cost …
Persistent link: https://www.econbiz.de/10010298817
costs and quality-dependent costs of production and compete in quality and price in the domestic market. Quality …
Persistent link: https://www.econbiz.de/10010301198
Firms signal high quality through high prices even if the market structure is highly competitive and price competition … business to rival firms with higher probability. Some of the revealing equilibria involve high degree of market power (price …
Persistent link: https://www.econbiz.de/10010325591