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来源类型Working Paper
规范类型报告
DOI10.3386/w6580
来源IDWorking 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
URLhttps://www.nber.org/papers/w6580
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/564092
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GB/T 7714
Kala Krishna,Tor Winston. A New Model of Quality. 1998.
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