Prices and Qualities in Markets with Costly Information

DOI10.2307/2297283MaRDI QIDQ3953508zbMATH OpenOpenAlexFDO

Authors Yuk-shee Chan, Hayne E. Leland

Publication date 1982

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297283

zbMATH Keywords

equilibrium analysiscostly informationprice advertisingprice/quality information

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Cited in

(6)

• Oligopolistic competition in price and quality
• Transparency and product variety
• Price competition and consumer externalities in a vertically differentiated duopoly with information disparities
• Brand premia driven by perceived vertical differentiation in markets with information disparity and optimistic consumers
• A latent structure double hurdle regression model for exploring heterogeneity in consumer search patterns.
• Bargains, price signaling, and efficiency in markets with asymmetric information

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