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Vertical product differentiation when quality is unobservable to buyers
Orosel, Gerhard O.; Zauner, Klaus G. - 2004
We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...
Persistent link: https://www.econbiz.de/10010261256
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You are judged by the company you keep: Reputation leverage in vertically related markets
Choi, Jay Pil; Peitz, Martin - 2016
This paper analyzes a mechanism through which a supplier of unknown quality can overcome its asymmetric information problem by selling via a reputable downstream …rm. The supplier’s adverse-selection problem can be solved if the downstream …rm has established a reputation for delivering...
Persistent link: https://www.econbiz.de/10011588686
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Try before you buy – Akzeptanz von Virtual-Reality-Anwendungen zur Leistungsbeurteilung von Erfahrungsgütern
Israel, Kai; Zerres, Christopher; Tscheulin, Dieter K. - In: HMD Praxis der Wirtschaftsinformatik 59 (2021) 1, pp. 280-294
Virtual-Reality-Anwendungen ermöglichen es Anbietern von Erfahrungsgütern durch innovative Produktpräsentationen die inhärenten Informationsasymmetrien zu reduzieren. Dadurch kann den potenziellen Kunden eine effiziente Leistungsbeurteilung ermöglicht und das Risiko einer...
Persistent link: https://www.econbiz.de/10014501533
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Learning abatement costs: On the dynamics of optimal regulation of experience goods
Hintermann, Beat; Lange, Andreas - 2012
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010291530
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Umbrella branding and the provision of quality
Hakenes, Hendrik; Peitz, Martin - 2004
Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...
Persistent link: https://www.econbiz.de/10010261118
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The economic properties of software
von Engelhardt, Sebastian - 2008
Software is a good with very special economic characteristics. Taking a general definition of software as its starting-point, this article systematically elaborates the central qualities of the commodity which have implications for its production and cost structure, the demand, the...
Persistent link: https://www.econbiz.de/10010273764
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The Music Market in the Age of Download
Grassi, Iacopo - 2007
Internet, mp3 files, peer-to-peer software and digital technologies for copying have radically modified the music sector. In this paper I present a theoretical model, that investigates the consequences of the appearance of a pirate low quality good (typically a mp3 file) in the music market. In...
Persistent link: https://www.econbiz.de/10010312268
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Standardization in information systems
Kimms, A. - 2001
common standard of data structures. Since establishing a standard at a system element incurs standardization costs, a … standard. In a recent paper, it is claimed that this so-called standardization problem is an NP-hard optimization problem. We … will demonstrate that this is not true, but in fact the standardization problem can be solved in polynomial time by solving …
Persistent link: https://www.econbiz.de/10011558768
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Normung und Innovation sind keine Gegensätze
Konrad, Anne; Zloczysti, Petra - In: DIW Wochenbericht 77 (2010) 40, pp. 10-15
Die Rolle von Normen innerhalb des Innovationssystems ist sehr umstritten. Es wird sogar vermutet, dass die Zeit der Normung bereits abgelaufen sei. Andererseits wird von einer erstarrenden Regelsetzung gesprochen, die die notwendige Flexibilität für Erfindungen und Innovationen verhindere....
Persistent link: https://www.econbiz.de/10011602241
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Calling on the EU-US Trade and Technology Council: How to deliver for the planet and the economy
Guinea, Oscar; Sharma, Vanika; Lamprecht, Philipp; … - 2024
This Policy Brief proposes the establishment of an agreement on conformity assessment between the EU and the US that covers machinery and electrical equipment. The initiative aims to increase the number of European and US conformity assessment bodies authorized to test and certify EU and US...
Persistent link: https://www.econbiz.de/10014560196