Selling to consumers who cannot detect small differences

DOI10.1016/J.JET.2021.105186MaRDI QIDQ1995323zbMATH OpenOpenAlexFDO

Authors Kim-Sau Chung, Erica Meixiazi Liu, Melody Lo

Publication date 23 February 2021

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2021.105186

zbMATH Keywords

duopolyintransitive indifferencemonopolycompete in utility space

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24)

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• It's good to be bad: the low quality advantage in consumer search markets
• Inferior products and profitable deception
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• Limited perception and price discrimination in a model of horizontal product differentiation

Cites work

• Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
• Equilibrium Price Distributions
• Intransitive Indifference in Preference Theory: A Survey
• Intransitive indifference with unequal indifference intervals
• Numerical representations of imperfectly ordered preferences (A unified geometric exposition)
• Price competition under limited comparability
• Reason-based choice: A bargaining rationale for the attraction and compromise effects
• Semiorders and Choice Functions
• Semiorders and a Theory of Utility Discrimination
• Semiorders and the Theory of Choice
• The Noisy Monopolist: Imperfect Information, Price Dispersion and Price Discrimination
• Theory of decision under uncertainty

Cited in

(3)

• It's good to be bad: the low quality advantage in consumer search markets
• Limited perception and price discrimination in a model of horizontal product differentiation
• Inferior products and profitable deception

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