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elasticities with respect to quantity that do not allow for quality variation or for the possibility of non-linear pricing … important ramifications for the use and quality of paid childcare. Even if one is concerned primarily with the quantity aspect …, the quality dimension cannot be ignored. This paper provides an exposition of the potential biases in estimates of price …
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This papers studies the effects on service quality and consumer surplus of a minimum price which is fixed by a … maximize consumer surplus only if consumers demand the highest possible average quality. If consumers demand services of lesser … quality, the association?s price will be too high if measured by consumer surplus. Moreover we show that a de-regulated market …
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rational. Art directors set performance quality according to their aspiration levels. While taking into account the spatial …
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providers of contents incentives to invest in higher quality and, as a result, force competitors to reduce their prices …
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We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … the open-loop solution (providers choose the optimal quality investment plan based on demand at the initial period) and … the feedback closed-loop solution (providers observe demand in each period and choose quality in response to current …
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