Similar Search Results

Liability or Labeling? Regulating Product Risks with Costly Consumer Attention

Arbatskaya, Maria; Aslam, Maria Vyshnya - 2018

This paper examines the liability and labeling approaches to regulating product safety. Stronger product liability increases producer care, which then has a negative lulling effect on consumer attention to warning labels. By contrast, more visible warning labels increase such consumer care,...

Persistent link: https://www.econbiz.de/10014142157

Dynamic R&D Competition under Uncertainty and Strategic Disclosure

Song, Yangbo - 2016

We study a model of dynamic two-stage R&D competition where the competing firms are uncertain about the difficulty of the first stage. Staying in the competition is costly and a firm can also choose whether and when to quit. When a firm solves the first stage, it can choose whether and when to...

Persistent link: https://www.econbiz.de/10012981115

Price Competition Under Cost Uncertainty : A Laboratory Analysis

Abbink, Klaus; Brandts, Jordi - 2003

We study the relation between the number of firms and price-cost margins under price competition with uncertainty about competitors' costs. We present results of an experiment in which two, three and four identical firms repeatedly interact in this environment. In line with the theoretical...

Persistent link: https://www.econbiz.de/10014094478

Search Costs and Risky Investment in Quality

Levy, Nadav - 2013

. In this paper we analyze how this affects firms' incentives to invest in quality when the outcome of investment is …

Persistent link: https://www.econbiz.de/10013093906

Risk and loss aversion, price uncertainty and the implications for consumer search

Soetevent, Adriaan R.; Bruzikas, Tadas - 2016

that theory predicts an inversion when consumers are either risk or loss averse. In those cases, an increase in price …

Persistent link: https://www.econbiz.de/10011520488

Information provision and consumer search behavior for products with asymmetric uncertainty

Li, Xiaomei; Liang, Zhengbo; Liu, Yan - In: Journal of management science and engineering 8 (2023) 1, pp. 49-82

When selling multiple products with asymmetric uncertainty, should the seller disclose product information so that customers do not have to incur any cost to resolve their uncertainties; if so, which product should the seller choose? To address these questions, we consider a monopolist selling...

Persistent link: https://www.econbiz.de/10014315831

Sharing of cost related information can increase consumer welfare under risk-aversion

Mungan, Murat C. - In: Review of law and economics : publ. in cooperation with … 15 (2019) 2, pp. 1-12

Persistent link: https://www.econbiz.de/10012197397

Shipment Frequency of Exporters and Demand Uncertainty

Bekes, Gabor - 2014

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …

Persistent link: https://www.econbiz.de/10013054497

Shipment Frequency of Exporters and Demand Uncertainty

Bekes, Gabor - 2014

This paper analyzes how firms adjust to differences in market size and demand uncertainty by changing the frequency and … on the basis of demand as well as inventory and per shipments costs. Using a cross section of detailed monthly firm … size. In a stochastic setting, increased demand uncertainty is associated with larger logistics costs as well as a more …

Persistent link: https://www.econbiz.de/10013056484

Uncertainty and Learning in Pharmaceutical Demand

Crawford, Gregory S. - 2006

in the demand for pharmaceutical drugs. We estimate a dynamic matching model of demand under uncertainty in which …

Persistent link: https://www.econbiz.de/10012783639

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