Price versus quantity: Market-clearing mechanisms when consumers are uncertain about quality

DOI10.1023/A:1007734917706zbMath0919.90045OpenAlexW2099093660MaRDI QIDQ1288758

Andrew Metrick, Richard J. Zeckhauser

Publication date: 17 May 1999

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1023/a:1007734917706

zbMATH Keywords

vertical differentiationquality uncertaintyhigh-equality producers

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42)

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