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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
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simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … as quality simultaneously. In conclusion, our results show that equilibrium solutions of RPM and APM are distinct. We … circumstances RPM induces more competition or less competition w.r.t the price or non-price dimension. …
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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …
Persistent link: https://www.econbiz.de/10010325731
own-price elasticity of quantity demand for soda of between −1.0 and −1.3. These estimates ignore consumer responses on … the quality margin and correlated measurement errors. We use Mexican household budget survey data and city-level soda … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity …
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service quality, perceived service value, and willingness to buy travel services. Results indicate that: (1) price has a …’ perceptions of travel services. This research uses an established model to examine how price, brand and store variables … (operationalized as vacation price, travel service brand name, and travel agent name) influence consumers’ perceptions of travel …
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