Showing 1 - 10 of 10,828
that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …
Persistent link: https://www.econbiz.de/10010343969
Persistent link: https://www.econbiz.de/10003667074
Persistent link: https://www.econbiz.de/10003667076
Persistent link: https://www.econbiz.de/10003667083
Persistent link: https://www.econbiz.de/10002532961
In this paper we examine the behavior of a firm that produces a product with a privately-observed safety attribute; that is, consumers cannot observe directly the product's safety. The firm may, at a cost, disclose its safety prior to sale; alternatively, if a firm does not disclose its safety...
Persistent link: https://www.econbiz.de/10012731013
Persistent link: https://www.econbiz.de/10010471220
Persistent link: https://www.econbiz.de/10009699821
Persistent link: https://www.econbiz.de/10003607022
Persistent link: https://www.econbiz.de/10002771197