haku: @indexterm PRODUCT QUALITY / yhteensä: 101
viite: 50 / 101
| Tekijä: | Bester, H. |
| Otsikko: | Quality uncertainty mitigates product differentation. |
| Lehti: | RAND Journal of Economics
1998 : WIN, VOL. 29:4, p.828-844 |
| Asiasana: | Product quality Product development |
| Kieli: | eng |
| Tiivistelmä: | The author presents the idea that imperfect information about the (vertical) quality characteristics of goods reduces the sellers' incentives for horizontal product differentiation. As a result, the equilibrium outcome may be characterized by "minimum differentiation". In a spatial framework this implies that firms tend to choose head-on-competition by agglomerating at the same location. It may happen that consumers benefit from imperfect information about product quality. |
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