Results 211 to 220 of about 67,313 (260)
Some of the next articles are maybe not open access.
Product Quality and Imperfect Information
The Review of Economic Studies, 1985This paper considers markets in which consumers are imperfectly informed about both product prices and quality levels offered by firms. We characterize necessary and sufficient conditions for existence of the various equilibrium configurations of price and quality that can arise in two paradigm cases; when all consumers prefer higher quality and when ...
Schwartz, Alan, Wilde, Louis L.
openaire +3 more sources
Quality and Imperfect Competition
American Economic Journal: Microeconomics, 2020We study quality distortions when firms hold market power. We develop a model allowing for flexible functional forms of demand in order to extend Spence’s (1975) monopoly analysis to imperfect competition. We show that quality distortions are determined by a competition effect that captures the externality a firm exerts on its competitors when raising ...
openaire +2 more sources
Minimum Quality Standard Regulation Under Imperfect Quality Observability
SSRN Electronic Journal, 2011Minimum quality standards (MQS) constitute an important regulatory tool that can be used to raise product qualities, to benefit consumers and to increase market participation. One of the main assumptions in the existing literature is that firms must comply with standards. Nevertheless, in many industries, and in particular the service industry, quality
Min Chen, Konstantinos Serfes
openaire +1 more source
Machine Learning Tools to Improve the Quality of Imperfect Keywords
2022The availability of keywords that describe the content of a text or document certainly is essential for effective and efficient content-based retrieval. But their quality, the presence of spelling variants, synonyms, near-synonyms, and spelling errors make their use less effective.
MT Artese, I Gagliardi
openaire +2 more sources
Imperfect information in a quality-competitive hospital market
Journal of Health Economics, 2010We examine the implications of policies to improve information about the qualities of profit-seeking duopoly hospitals which face the same regulated price and compete on quality. We show that if hospital costs of quality are similar then better information increases the quality of both hospitals.
Gravelle, H, SIVEY, P
openaire +3 more sources
Economic implications of imperfect quality certification
Economics Letters, 1991Abstract Imperfect but efficient third-party certification of unobserved product quality in a market under asymmetric information results in equilibrium outcomes which are very different from those implied by models of perfect certification and have a number of interesting economic implications.
De, Sankar, Nabar, Prafulla
openaire +1 more source
Random fuzzy EOQ model with imperfect quality items
Fuzzy Optimization and Decision Making, 2007zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Xiaobin Wang +2 more
openaire +2 more sources
Imperfect Quality Information in a Quality-Competitive Hospital Market [PDF]
, 2009 We examine the implications of policies to improve information about the qualities of profit seeking duopoly hospitals which face the same regulated price and compete on quality. We show that if the hospital costs of quality are similar then better information increases the quality of both hospitals.
Hugh Gravelle, Peter Sivey
openaire +1 more source
Valuing Varieties with Imperfect Output Quality Measurement
American Journal of Agricultural Economics, 2003AbstractMarkets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants. Preferences can be explicitly reflected in price premiums for measurable characteristics using hedonic methods.
David K. Lambert, William W. Wilson
openaire +2 more sources
Analysis of screening decisions in inventory models with imperfect quality items
International Journal of Production Research, 2020We consider an Economic Order Quantity (EOQ) model with imperfect quality items. All the items undergo a quality screening process for which both the cost and the defect detection rate depend on th...
Zsuzsanna Hauck +2 more
openaire +1 more source