Joint Product Signals of Product Quality

In the absence of other information about the quality of an experience good, the price of a jointly produced search good provides consumers with a signal of the former good’s quality.. This hypothesis provides an explanation for the heretofore unexplained pricing policies found in Barron’s and Umbeck’s (1984) empirical investigation of gasoline retailing.

MoreLess

Year of publication:	1991-01
Authors:	Spector, Lee C. ; McClure, James E.
Institutions:	Department of Economics, Ball State University
Subject:	Search good \| Experience good \| Product quality signal \| Gasoline retailing

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Atlantic Economic Journal 19 no. 4 (1991): 38-41. Number 199101 10 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005344999