Showing 1 - 10 of 1,926
Persistent link: https://www.econbiz.de/10011946538
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 … elasticities with respect to quantity that do not allow for quality variation or for the possibility of non-linear pricing …
Persistent link: https://www.econbiz.de/10010293046
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 …
Persistent link: https://www.econbiz.de/10010293424
Proponents of RPM argue that RPM helps to sustain a high level of service at the point of sale and that such a high level is efficient. This paper provides a simple model which leads to the following conclusions: 1) RPM may increase or decrease the level of service. 2) Whether the service level...
Persistent link: https://www.econbiz.de/10010296547
We develop a method for estimation of price reactions using unit value data which exploits the implicit links between quantity and unit value choices. This allows us to combine appealing Engel curve specifications with a model of unit value determination in a way which is consistent with demand...
Persistent link: https://www.econbiz.de/10010298001
Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall …
Persistent link: https://www.econbiz.de/10010299760
If a product has two dimensions of quality, one observable and one not, a firm can use observable quality as a signal … of unobservable quality. The correlation between consumers' valuation of high quality in each dimension is a key … determinant of the feasibility of such signaling. A firm may use price alone as a signal, or price and quality together. Both …
Persistent link: https://www.econbiz.de/10010300754
costs and quality-dependent costs of production and compete in quality and price in the domestic market. Quality … quality standard binding for both foreign and domestic firms. In the present of an initial cost advantage of the domestic firm …, a sufficiently high minimum quality standard set by the domestic government will enable the domestic firm to induce exit …
Persistent link: https://www.econbiz.de/10010301198
by Deaton (1990) and Crawford et al. (1997) in order to take account of quality effects reflected in the unit values …-true quantity and quality elasticities. Expenditure elasticities are close, but we find large differences in price elasticities and …
Persistent link: https://www.econbiz.de/10010301734
Hotelling framework, this paper analyses the effect of heterogeneous objectives of the hospitals on quality differentiation … driving force is the single regulated price which induces under-(over-)provision of quality of the more (less) efficient … the private (public) duopoly. This medium price discourages overprovision of quality of the less efficient hospital and …
Persistent link: https://www.econbiz.de/10010302580