Price versus quantity: Market-clearing mechanisms when consumers are uncertain about quality

DOI10.1023/A:1007734917706zbMath0919.90045MaRDI QIDQ1288758

Richard J. Zeckhauser, Andrew Metrick

Publication date: 17 May 1999

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

zbMATH Keywords

vertical differentiation; quality uncertainty; high-equality producers

Mathematics Subject Classification ID

91B24: Microeconomic theory (price theory and economic markets)

91B42: Consumer behavior, demand theory