Inderst, Roman; Pfeil, Sebastian - Volkswirtschaftliche Fakultät, … - 2014
a signal of quality. For this we first show how higher prices can be associated with both higher quality perception as … well as higher actual quality. We next identify a conflict of interest between retailers and manufactures. Retailers do not …-contractible activities, as in our model the key opportunism problem, with respect to quality provision, lies between the manufacturer and …