Differentiated credence goods and price competition

• Type: Article in International Scientific Journal
• Date: 2012

Authors

Jean Gabszewicz (Author) Other; Joana Resende (Author) FEP

Journal

Title: Information Economics and Policy

Vol. 24 No. 3

Pages: 277-287

ISSN: 0167-6245

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 5 Citations

ISI Web of Science

Scopus - 8 Citations

Econlit

Scientific classification

FOS: Social sciences > Economics and Business

CORDIS: Social sciences > Economics

Other information

Authenticus ID: P-002-2MS

DOI: 10.1016/j.infoecopol.2012.09.001

Abstract (EN): This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. To illustrate the model, we adapt it to represent a newspaper industry with two outlets, when the population of readers have preferences both on the political stance of the newspapers and on the accuracy of the news they dispatch.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 11