| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6135 |
| DP6135 Pricing and Trust | |
| Jean-Robert Tyran; Steffen Huck; Gabriele K. Ruchala | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However, quite in contrast to standard intuition, we also observe an efficiency rise in response to regulation in oligopolies. Both, transaction volume and traded quality are, in fact, maximal in regulated oligopolies. |
| 主题 | Industrial Organization |
| 关键词 | Experience goods Markets Moral hazard Price competition Reputation Trust |
| URL | https://cepr.org/publications/dp6135 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534971 |
| 推荐引用方式 GB/T 7714 | Jean-Robert Tyran,Steffen Huck,Gabriele K. Ruchala. DP6135 Pricing and Trust. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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