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High-Tech Products and the Double Adverse Selection: Does Commercial Distribution Worsen Efficiency?

BIONDO, Alessio Emanuele - In: Journal of Knowledge Management, Economics and … 1 (2011) 7, pp. 18-18

We all know that information about products drives consumption choices. But knowledge comes first. Without the correct consciousness about products, even with complete information inefficient outcomes may result. The adverse selection problem is revisited in this paper, successfully interpreting...

Persistent link: https://www.econbiz.de/10010542298

Warranties as Signals Under Consumer Moral Hazard

Lutz, Nancy A. - Cowles Foundation for Research in Economics, Yale University - 1988

In this paper, I examine whether and how warranties serve as signals of product quality in an environment where there are opportunities for consumer moral hazard. My model is very similar to Grossman's. A risk neutral monopolist produced a good of fixed and exogenous quality. This product is...

Persistent link: https://www.econbiz.de/10005463971

Price Signals Quality. The Case of One-Sided Asymmetric Information

Ellingsen, Tore - Economics Institute for Research (SIR), … - 1995

The paper considers the pricing decision by a seller who has private information about quality. It is shown that, contrary to widespread belief, high quality products may be sold with positive probability even when buyers have no private information. The separating equilibria have a very simple...

Persistent link: https://www.econbiz.de/10005649431

Strategic R%D in systems industry - a network externality-based theory

Sarkar, Sumit - In: International Journal of Management and Network Economics 2 (2012) 3, pp. 236-256

The existing literature suggests that an incumbent monopolist supplier of a system component can successfully deter entry by increasing its installed base, which plays a role similar to that of the commitment value of investment in capacity. In this paper, we consider a systems market with...

Persistent link: https://www.econbiz.de/10010817121

The Informational Role of the Arbitration Clause

Chappe, Nathalie - In: European Journal of Law and Economics 13 (2002) 1, pp. 27-34

Persistent link: https://www.econbiz.de/10005674370

Capital structure choices

Lindblom, Ted; Sandahl, Gert; Sjogren, Stefan - In: International Journal of Banking, Accounting and Finance 3 (2011) 1, pp. 4-30

extended pecking order theory also incorporating agency costs and signalling. …Corporate finance theory provides a number of competing hypotheses for explaining the capital structure choice of firms …. The major ones are the 'trade-off' theory, which hypothesises an optimal combination of debt and equity capital, and the …

Persistent link: https://www.econbiz.de/10009352867

Entry Regulation under Asymmetric Information about Demand: A Signalling Model Approach

Sarmento, Paula - Faculdade de Economia, Universidade do Porto - 2003

This paper presents a game where the incumbent firm uses the price as a signal about demand size. Without observing the demand, the regulator has to decide if the entry of new firms will be allowed. The game has a pooling Perfect Bayesian Equilibrium in which the incumbent firm chooses the...

Persistent link: https://www.econbiz.de/10005059441

Regulatory design under asymmetric information about demand

Sarmento, Paula; Brandão, António - Faculdade de Economia, Universidade do Porto - 2008

In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....

Persistent link: https://www.econbiz.de/10005031561

On the Signalling Role of Debt Maturity

Lensink, Robert; Pham, Thi Thu Tra - In: Topics in Theoretical Economics 6 (2006) 1, pp. 1286-1286

This paper focuses on the signalling role of debt maturity. The main novelty of the paper is that it analyzes a setting …

Persistent link: https://www.econbiz.de/10005751196

Demand Signalling and Screening in Channels of Distribution

Chu, Wujin - In: Marketing Science 11 (1992) 4, pp. 327-347

This paper examines two ways channel members at the manufacturing and retail ends deal with asymmetric information in the context of new product introduction. A manufacturer who has private information that demand for a new product will be high can differentiate itself from a manufacturer less...

Persistent link: https://www.econbiz.de/10008787596

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