PRICE AND QUALITY IN A NEW PRODUCT MONOPOLY

被引：64

作者：

JUDD, KL ^{[1
]}

RIORDAN, MH ^{[1
]}

机构：

[1] BOSTON UNIV,BOSTON,MA 02215

来源：

REVIEW OF ECONOMIC STUDIES | 1994年 / 61卷 / 04期

基金：

美国国家科学基金会;

关键词：

D O I：

10.2307/2297918

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In a signal-extraction model of consumer behaviour, higher prices signal higher-quality products for a new product monopoly, even without cost asymmetries across different qualities. Moreover, higher-quality products earn greater expected profits, and the monopolist has an incentive to provide even transient improvements in quality. Finally, the monopolist has a positive incentive to conduct market research about quality, and produces more information than is socially optimal.

引用

页码：773 / 789

页数：17

共 23 条

[1] A MONOPOLISTIC MARKET FOR INFORMATION [J].