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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w6580 |
来源ID | Working Paper 6580 |
A New Model of Quality | |
Kala Krishna; Tor Winston | |
发表日期 | 1998-05-01 |
出版年 | 1998 |
语种 | 英语 |
摘要 | We develop a new model of quality to capture the idea that even if a customer chooses to purchase a product, it may fail to deliver.' In this event, the customer may wish to choose some other product. We model this as a two stage game where firms first choose quality and then price. We find that in equilibrium, the high quality firm (the one with a higher probability of being able to deliver') will always make higher profits than the low quality one even if costs of quality are sharply increasing. Our work thus provides a reason for high quality niches to be inherently more profitable. The implications for welfare and equilibrium under free entry are also studied. |
主题 | Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice |
URL | https://www.nber.org/papers/w6580 |
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/564092 |
推荐引用方式 GB/T 7714 | Kala Krishna,Tor Winston. A New Model of Quality. 1998. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w6580.pdf(908KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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