Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

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 that low quality will be detected is in an intermediate range, the …

market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly …, which corresponds to the special case where the two qualities are equal. When the quality differential is large, the firms …

' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build … a model of consumer search with firms' endogenous quality decisions. In this model, lower search costs reallocate demand … toward higher-quality producers, raising firms' incentives to upgrade quality, and more so for firms selling ex-ante lower-quality …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

analyze whether signaling works in the German market for insurance intermediation services. For this a signal must increase … service quality and be easily identifiable by consumers so that it pays for intermediaries to spend the related costs. By … using OLS and logit estimations we test whether intermediary type, reputational activities and a variety of signaling …

analyze whether signaling works in the German market for insurance intermediation services. For this a signal must increase … service quality and be easily identifiable by consumers so that it pays for intermediaries to spend the related costs. By … using OLS and logit estimations we test whether intermediary type, reputational activities and a variety of signaling …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … acquisition ; inspection ; lemons ; middlemen ; signaling …