Narrow search
Showing 1 - 10 of 668,131
Cover Image
Investments in quality, collective reputation and information acquisition
Fontini, Fulvio; Millock, Katrin; Moretto, Michele - 2013
In many cases consumers cannot observe firms' investment in quality or safety, but have only beliefs on the average quality of the industry. In addition, the outcome of the collective investment game of the firms may be stochastic since firms cannot control perfectly the technology or external...
Persistent link: https://www.econbiz.de/10009757457
Cover Image
Honest certification and the threat of capture
Strausz, Roland - 2004
This paper derives conditions under which reputation enables certifiers to resist capture. These conditions alone have … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation … efficient market institutions that sell reputation as a service to other firms. …
Persistent link: https://www.econbiz.de/10010343969
Cover Image
Image concerns and the provision of quality
Friedrichsen, Jana - 2013
In this paper, I study markets where consumers are heterogeneous with respect to both their concerns for the quality of goods and the image associated with them. Consumers with a taste for quality lend a positive image to the product of their choice and thereby increase the product's value to...
Persistent link: https://www.econbiz.de/10010227729
Cover Image
Testing Errors, Supplier Segregation, and Food Safety
Starbird, S. Andrew - 2012
Diagnostic tests provide valuable information to buyers about credence attributes like food safety and GMO content. Errors in testing, however, can mislead buyers and lead to problems like adverse selection. The ability to segregate suppliers who can deliver safe food from suppliers who cannot...
Persistent link: https://www.econbiz.de/10012713268
Cover Image
Signals sell : product lines when consumers differ both in taste for quality and image concern
Friedrichsen, Jana - 2018
This paper analyzes optimal product lines when consumers differ both in their taste for quality and in their desire for social image. The market outcome features partial pooling and product differentiation that is not driven by heterogeneous valuations for quality but by image concerns. A...
Persistent link: https://www.econbiz.de/10011899163
Cover Image
Strategic Trade in the Presence of Reputation Spillovers
Das, Jayoti; DeLoach, Stephen B. - 2003
market, the producer's reputation becomes an important factor in determining whether consumers choose to make a purchase. The … reputation of the initial entrants from a country is poor, it raises the informational barriers to entry. Consequently, strategic …
Persistent link: https://www.econbiz.de/10014076152
Cover Image
Image concerns and the provision of quality : conference paper
Friedrichsen, Jana - 2014
Consumption patterns can be indicative of how a consumer wants to be perceived by others. In this paper, I study markets where consumers are heterogeneous with respect to both their concerns for the quality of goods and the image associated with buying them. Consumers with a taste for quality...
Persistent link: https://www.econbiz.de/10010483881
Cover Image
Umbrella branding and the provision of quality
Hakenes, Hendrik; Peitz, Martin - 2006
Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...
Persistent link: https://www.econbiz.de/10010365881
Cover Image
Asymmetric information and overinvestment in quality
Belleflamme, Paul; Peitz, Martin - 2009
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10003833301
Cover Image
Asymmetric Information and Overinvestment in Quality
Belleflamme, Paul - 2007
According to standard economic wisdom, asymmetric information about product quality leads to a quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10012730906