Data/hora: 12/06/2024 03:13:15

Provedor de dados: | 31
País: | United States
Título: | Firm-specific information, product differentiation, and industry equilibrium
Autores: | Perloff,   Jeffrey M.; Salop,   Steven.
Data: | 2009-01-22
Ano: | 1985
Palavras-chave: | Competition; Consumers; Consumers' preferences; Consumer education; Mathematical models; Demand elasticity; Economics; Equilibrium; Marketing; Consumer/Household Economics; Demand and Price Analysis.
Resumo: | Where consumers have imperfect information about specific firms’ prices and lack information about the market, firms have informational market power. In general, improving the consumer’s information about each firm’s price will not necessarily lower average market price. We show, however, that certain types of improvements will lower price. Moreover, a reduction in barriers to entry (e.g., capital costs) will lower price-holding information constant. Where a significant number (but not all) consumers have perfect information, single-price equilibria are impossible.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/47003

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Paper

154R

Formato: | 37