Nagurney, Anna; Li, Dong; Nagurney, Ladimer S. - In: International Journal of Production Economics 158 (2014) C, pp. 300-313
A spatial price equilibrium model with information asymmetry in quality is developed in both static and dynamic versions. Producers at the supply markets are aware of the quality of their products, whereas consumers, located at the demand markets, are aware only of the average quality of the...