Prices and Qualities in Markets with Costly Information

DOI10.2307/2297283zbMATH Open0491.90014OpenAlexW2088502754MaRDI QIDQ3953508FDOQ3953508

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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