منابع مشابه
Emergence of product differentiation from consumer heterogeneity and asymmetric information
We introduce a fully probabilistic framework of consumer product choice based on quality assessment. It allows us to capture many aspects of marketing such as partial information asymmetry, quality differentiation, and product placement in a supermarket.
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We consider a supply chain with a single manufacturer selling a single product through two competing retailers. The manufacturer sets the wholesale price, and the retailers set the retail margin, simultaneously. The demand information among the members is asymmetric. The main contribution of this paper is extended the results of [5] with two competing retailers under asymmetric demand informati...
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Traditional measures of consumer surplus (CS) have implicitly assumed that the quality expected is the same as the quality that is paid for ex ante. However, when product or service quality cannot be perfectly verified ex-ante by consumers in markets with asymmetric information, and actual quality received may not necessarily equal quality expected, CS would not be precisely measured. This may ...
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This paper considers the implementation of semiparametric methods in the empirical analysis of consumer demand. The application is to the estimation of the Engel curve relationship and uses the British Family Expenditure Survey. Household composition is modelled using an extended partially linear framework. This is shown to provide a useful method for pooling non-parametric Engel curves across ...
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ژورنال
عنوان ژورنال: Asian Social Science
سال: 2014
ISSN: 1911-2025,1911-2017
DOI: 10.5539/ass.v10n24p203