If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

Vor dem Hintergrund stark unterschiedlicher Markstellungen von Betriebsformen im europäischen Lebensmitteleinzelhandel begründet diese Untersuchung die nationalen Marktdivergenzen durch unterschiedliche Kundenpräferenzen. Basierend auf dem Präferenzkonzept zeigen die Ergebnisse einer...