We study a game in which two competing sellers supplying experience goods of different quality can induce a perspective … that an important class of these outcomes features pooling behavior at the pricing stage while requiring low quality … probability. Although the low-quality product is purchased with positive probability in these equilibria, the buyer's (expected …

I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded …. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into … . I find that when the unit cost of producing quality is sufficiently high, then treating quality and quantity as the same …