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The information paradox in a monopolist's credence goods market
Jost, Peter-J.; Reik, Steffen; Ressi, Anna - 2019
Credence goods markets, such as those for car repairs and medical treatments, are generally characterized by an ex-ante and ex-post information asymmetry between the uninformed buyer and the informed seller. Previous literature demonstrates that efficiency and fraud in a monopolist credence...
Persistent link: https://www.econbiz.de/10012286246
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Advanced strategies for assessing the quality of agricultural products
Creţu, Diana - In: Agrarian economy and rural development : realities and …, (pp. 30-33). 2017
The new developments in the agri-food product market in terms of quality, but also due to changes in the consumer behavior of agri-food products, it is necessary to implement new strategies on this market. These are primarily reflected in assessing and improving the quality of agri-food...
Persistent link: https://www.econbiz.de/10011849613
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Quality of goods and labor efficiency in perfect and asymmetric information environments
Hachicha, Farah - In: Revue d'économie politique 126 (2016) 5, pp. 871-894
Persistent link: https://www.econbiz.de/10011593037
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Why echo chambers are useful
Jann, Ole; Schottmuller, Christoph - 2019
Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
Persistent link: https://www.econbiz.de/10012265620
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Higher quality or lower price? : how value-increasing promotions affect retailer reputation via perceived value
Yoon, Sukki; Oh, Sangdo; Song, Sujin; Kim, Kyungok K.; … - In: Journal of business research : JBR 67 (2014) 10, pp. 2088-2096
Persistent link: https://www.econbiz.de/10010400113
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Price-quality relationships for products with and without private labels
Boyle, Peter J. - In: Advances in National Brand and Private Label Marketing …, (pp. 70-73). 2022
Persistent link: https://www.econbiz.de/10013281244
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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory … provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation … provides a novel rationale for the wide-spread use of price regulation and licensing in real-world markets for expert services. …
Persistent link: https://www.econbiz.de/10012431181
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Dynamic quality signaling with hidden actions
Dilmé, Francesc - In: Games and economic behavior 113 (2019), pp. 116-136
Persistent link: https://www.econbiz.de/10012174470
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ICO analysts
Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; … - 2021
Freelancing human experts play an important role in Initial Coin Offerings (ICOs). Expert ratings partially reflect the reciprocal network of ICO members and analysts. Ratings predict ICO success, but highly imperfectly so. Favorably rated ICOs tend to fail when more ratings reciprocate prior...
Persistent link: https://www.econbiz.de/10013336270
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Product quality in different markets and cost structure
Matsubara, Kiyoshi - 2010
This paper analyzes the behavior of monopoly firm serving its products to two countries. The main focus of this paper is on how the product-quality choice in different markets are related with the cost structure of the firm. First, This paper examines the effects of production and R&D costs on...
Persistent link: https://www.econbiz.de/10011538200