Economists have emphasized the role of dissipative advertising and price as signals of quality. Most works, however …, limit the number of types to two options: high and low quality. Yet, production costs and quality both result from R … quality and marginal cost are both subject to chance. In a static framework (no repeat purchases and no informed consumers …

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …

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 …

rational. Art directors set performance quality according to their aspiration levels. While taking into account the spatial …

Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall …