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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w6493 |
来源ID | Working Paper 6493 |
Effects of Information Provision in an Vertically Differentiated Market | |
Tasneem Chipty; Ann Dryden Witte | |
发表日期 | 1998-04-01 |
出版年 | 1998 |
语种 | 英语 |
摘要 | We study the effects of consumer information on equlibrium market prices and observable product quality in the market for child care. Child care markets offer a unique opportunity to study these effects because of the existence of resource and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and observable characteristics of care. To understand the effects of information provision in markets like child care, we examine the effects of information provision in a model of vertical differentiation. We show conditions in which increased consumer information reduces price dispersion, maximum price, and average price. With this model we examine empirically the effects of R&Rs on the distribution of child care prices and on the distribution of staff-child ratios. We estimate separate models for the distribution of prices and staff-child ratios for infants, toddlers, preschoolers and school age children because of regulatory and care differences across age groups. We find that R&Rs have economically large and statistically significant effects on the distribution of prices for the care infants and toddlers. Geographic markets with R&Rs have significantly less price dispersion and lower maximum prices. There is also some evidence that markets with R&Rs have lower average prices.Information provision via R&Rs has no significant effects on staff-child ratios. These findings are generally consistent with search theory and support the contention that information provision can intensify price competition. |
主题 | Industrial Organization ; Market Structure and Firm Performance ; Regulatory Economics |
URL | https://www.nber.org/papers/w6493 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564013 |
推荐引用方式 GB/T 7714 | Tasneem Chipty,Ann Dryden Witte. Effects of Information Provision in an Vertically Differentiated Market. 1998. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w6493.pdf(1690KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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