COORDINATION IN MARKETS WITH CONSUMPTION EXTERNALITIES: ADVERTISING AND PRODUCT QUALITY
نویسندگان
چکیده
منابع مشابه
Consumption externalities , rental markets and purchase clubs
A premise of general equilibrium theory is that private goods are rival. Nevertheless, many private goods are shared, e.g., through borrowing, through coownership, or simply because one person’s consumption affects another person’s wellbeing. I analyze consumption externalities from the perspective of club theory, and argue that, provided consumption externalities are limited in scope, they can...
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ژورنال
عنوان ژورنال: The Manchester School
سال: 2010
ISSN: 1463-6786
DOI: 10.1111/j.1467-9957.2010.02186.x