Article ID Journal Published Year Pages File Type
5075896 Information Economics and Policy 2012 11 Pages PDF
Abstract
► We study price competition between two horizontally differentiated credence goods. ► Two alternative pricing regimes may arise in equilibrium. ► The determinants of equilibrium prices are the dispersion in tastes and beliefs. ► In a newspaper market, prices depend on readers 'tastes and news' trustworthiness.
Keywords
Related Topics
Social Sciences and Humanities Business, Management and Accounting Management of Technology and Innovation
Preview
Differentiated credence goods and price competition
Authors
, ,