consumers. Transaction costs economics, search theory and principal agent theory provide arguments on product quality …

oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers … types of signalling equilibria are possible. Both are characterised by dispersion and Pareto-inefficiency of the price …/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with higher prices in the …

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 …

We consider an oligopolistic market where firms compete in price and quality and where consumers have heterogeneous … neither. We show that if there are sufficiently many uninformed consumers, then there exists a unique equilibrium where price … is a perfect indicator of quality. This equilibrium is characterized by dispersion and Pareto-inefficiency of the price …

but the signaling effect of price is far from complete, especially for non-innovator brands. The look of the pharmacy, as … are likely to suspect low quality from market price, non-innovator brand and the look of the pharmacy, but none of these …

"applications-pairs" to analyze both sides of this market: First, we analyze the price that application suppliers charge for more …