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This paper analyzes optimal product lines when consumers differ both in their taste for quality and in their desire for social image. The market outcome features partial pooling and product differentiation that is not driven by heterogeneous valuations for quality but by image concerns. A...
Persistent link: https://www.econbiz.de/10011899163
Pricing policy for any experience good faces a key tradeoff. On one hand, a price reduction increases immediate demand …
Persistent link: https://www.econbiz.de/10010355764
altruism or their income. We argue that, rather than signaling income per se, individuals may want to signal other unobservable …
Persistent link: https://www.econbiz.de/10012932726
Exit, Voice, and Loyalty (A.O. Hirschman 1970) is a theoretical concept derived from the work of Albert O. Hirschman (1970) which is focused on two essential options in organizatios and products decline, being exit and voice.The basis concept is as follows: members of an organization, whether...
Persistent link: https://www.econbiz.de/10014050822
strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both …
Persistent link: https://www.econbiz.de/10012507333
We investigate how an informed designer maximizes her objective when facinga player whose payoff depends on both the designer's private information andon an unknown state within the classical quasilinear environment. Thedesigner can disclose arbitrary information about the state via...
Persistent link: https://www.econbiz.de/10013294529
are examined. Price inelastic demand is more likely the result of low pricing strategies of non-profit arts managements …
Persistent link: https://www.econbiz.de/10014023815
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Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...
Persistent link: https://www.econbiz.de/10010365881