Choice of Product Quality: Equilibrium and Efficiency

DOI10.2307/1914227zbMath0436.90010OpenAlexW2066876159MaRDI QIDQ3877338

K. P. Hagen, Jacques H. Drèze

Publication date: 1978

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1914227

zbMATH Keywords

theory of the firmproduct differentiationconsumer welfareproduction decisionscapitalist behaviorefficiency of market mechanismsproduct quality choicerole of prices

Mathematics Subject Classification ID

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

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