Price and Quality in a New Product Monopoly

DOI10.2307/2297918zbMath0813.90024OpenAlexW2023272149MaRDI QIDQ4319462

Michael H. Riordan, Kenneth L. Judd

Publication date: 11 January 1995

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297918

zbMATH Keywords

consumer behaviournew product monopolysignal-extraction model

Mathematics Subject Classification ID

Economics of information (91B44) Consumer behavior, demand theory (91B42)

Related Items (9)

Allowing a pre-purchase product trial in duopoly ⋮ Price signaling with salient-thinking consumers ⋮ Signalling, information and consumer fraud ⋮ Monopoly pricing in the binary herding model ⋮ Technical Note—Signaling Product Quality Through a Trial Period ⋮ Complementarity between online and offline channels for quality signaling ⋮ Entry and vertical differentiation ⋮ Better product quality may lead to lower product price ⋮ Price competition and consumer externalities in a vertically differentiated duopoly with information disparities

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