Competitive pricing despite search costs when lower price signals quality
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Publication:2061109
DOI10.1007/s00199-020-01247-3zbMath1479.91136arXiv1806.00898OpenAlexW3000842655MaRDI QIDQ2061109
Publication date: 13 December 2021
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1806.00898
Microeconomic theory (price theory and economic markets) (91B24) Signaling and communication in game theory (91A28) Games with incomplete information, Bayesian games (91A27)
Related Items (4)
Sequential search and firm prominence ⋮ Dynamic pricing, reference price, and price-quality relationship ⋮ Ranking and search effort in matching ⋮ Dynamic evolutionary games and coordination of multiple recycling channels considering online recovery platform
Cites Work
- Finitely repeated games with monitoring options
- Signaling quality through prices in an oligopoly
- Competition and confidentiality: signaling quality in a duopoly when there is universal private information
- Search market equilibrium, bilateral heterogeneity, and repeat purchases
- Signaling Games and Stable Equilibria
- Equilibrium Price Dispersion
- True Monopolistic Competition as a Result of Imperfect Information
- Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
- Equilibrium Distributions of Sales and Advertising Prices
- Informative Price Advertising in a Sequential Search Model
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