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Prices As Signals Of Quality
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Book Synopsis Prices as Signals of Quality by : Carla Guadalupi
Download or read book Prices as Signals of Quality written by Carla Guadalupi and published by . This book was released on 2015 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the optimal pricing strategy for newly introduced experience goods in a two-period monopoly market with experimentation and private information about quality. Consumers learn about quality through price signaling and experimentation, and communicate their ndings to other buyers via word of mouth. We show the existence of a unique separating equilibrium that satis es the intuitive criterion. In this equilibrium, a high-quality seller signals high quality through a low introductory price that rises in the next period (after experimentation has occurred), while a low-quality one charges a high introductory price, which declines over time because the revealed information is likely to be bad. This result helps explain recent empirical evidence and case studies on the introductory pricing strategies of rms entering foreign product markets.
Book Synopsis Prices as Signals of Quality by : Joseph von Rosthorn Farrell
Download or read book Prices as Signals of Quality written by Joseph von Rosthorn Farrell and published by . This book was released on 1981 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Listing Prices as Signals of Quality in Markets with Negotiation by : Ruqu Wang
Download or read book Listing Prices as Signals of Quality in Markets with Negotiation written by Ruqu Wang and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze markets where a buyer may pay the listing price or negotiate. We show that listing prices can signal quality to attract the right type of buyers. Prices are lower without quality uncertainty or without some of the lower qualities. In equilibrium, higher qualities/prices induce more bargaining, and thus more expensive goods are sold more often through bargaining.
Book Synopsis Prices as signals of quality in duopoly by : Mark N. Hertzendorf
Download or read book Prices as signals of quality in duopoly written by Mark N. Hertzendorf and published by . This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price and "money Back Guarantees" as Signals of Product Quality by : Shiou Shieh
Download or read book Price and "money Back Guarantees" as Signals of Product Quality written by Shiou Shieh and published by . This book was released on 1994 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Role of Price as a Signal of Product Quality in Monopolistic Markets by : Scott Davis
Download or read book The Role of Price as a Signal of Product Quality in Monopolistic Markets written by Scott Davis and published by . This book was released on 1989 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Warranty and Price as Quality Signals by : Sultan Alaswad Alenazi
Download or read book Warranty and Price as Quality Signals written by Sultan Alaswad Alenazi and published by . This book was released on 2011 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Perceived Quality written by Jacob Jacoby and published by Lexington Books. This book was released on 1985 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price Signals Quality by : Tore Ellingsen
Download or read book Price Signals Quality written by Tore Ellingsen and published by . This book was released on 1995 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Role of Price as Signal of Product Quality in Monopolistic Markets by : Scott Davis
Download or read book The Role of Price as Signal of Product Quality in Monopolistic Markets written by Scott Davis and published by . This book was released on 1991 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price as a Signal of Quality in Canadian and International Markets by : Richard William Bodell
Download or read book Price as a Signal of Quality in Canadian and International Markets written by Richard William Bodell and published by . This book was released on 198? with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis High and Declining Prices Signal Product Quality by : Kyle Bagwell
Download or read book High and Declining Prices Signal Product Quality written by Kyle Bagwell and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Dynamics of Price and Advertising As Signals of Quality by : Musa Ayar
Download or read book The Dynamics of Price and Advertising As Signals of Quality written by Musa Ayar and published by . This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Prices as Signals of Product Quality by : Asher Wolinsky
Download or read book Prices as Signals of Product Quality written by Asher Wolinsky and published by . This book was released on 1981 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Price and Advertising Signals of Product Quality by : Paul Robert Milgrom
Download or read book Price and Advertising Signals of Product Quality written by Paul Robert Milgrom and published by . This book was released on 1984 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis High Price Signals High Quality by : Mats Godenhielm
Download or read book High Price Signals High Quality written by Mats Godenhielm and published by . This book was released on 2013 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine pricing in markets where products may be of heterogeneous quality and buyers have heterogeneous preferences. The sellers cannot credibly communicate the quality they offer, and consequently price acts as a signal of quality. We determine the equilibria of the model both when the quality is exogenously given, and when the sellers can choose what quality to produce. We single out the unique symmetric equilibrium that satisfies the intuitive criterion. Compared to the bench mark case where quality is observable the price of high-quality goods is higher when quality is not observable but must be inferred from the price.
Book Synopsis Asking About Prices by : Alan Blinder
Download or read book Asking About Prices written by Alan Blinder and published by Russell Sage Foundation. This book was released on 1998-01-08 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.
