haku: @indexterm product quality / yhteensä: 101
viite: 3 / 101
| Tekijä: | Levin, D. Peck, J. Ye, L. |
| Otsikko: | Quality disclosure and competition |
| Lehti: | Journal of Industrial Economics
2009 : MAR, VOL 57:1 p. 167-196 |
| Asiasana: | quality control product quality disclosure competition market structure |
| Kieli: | eng |
| Tiivistelmä: | A costly quality disclosure is analyzed with horizontally differentiated products under duopoly and a cartel, and the impact of competition on disclosure and welfare is characterized. It is shown that expected disclosure is higher in the case of a cartel than under duopoly, and the welfare comparison depends on the costliness of disclosure: if the disclosure cost is low, welfare is higher under a cartel, but if the disclosure cost is high, welfare is higher under duopoly. Any case, disclosure is excessive in terms of total surplus, but deficient in terms of consumer surplus. |
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