Consumer Information, Product Quality, and Seller Reputation

声誉 产品(数学) 质量(理念) 经济 营销 业务 微观经济学 商业 产业组织 政治学 法学 哲学 几何学 数学 认识论
作者
Carl Shapiro
出处
期刊:The Bell Journal of Economics [JSTOR]
卷期号:13 (1): 20-20 被引量:869
标识
DOI:10.2307/3003427
摘要

This thesis is concerned with the performance of markets in which buyers are unable to observe the quality of the products they buy prior to purchase.In such environments there is a temptation for sellers to reduce the quality of their items.An important force in such markets which gives firms an incentive to maintain quality is the formation of firm-specific reputations.The recurring theme of this thesis is that while reputation can significantly prevent quality deterioration, it cannot work perfectly.Since a seller can always cheat on his customers (cut quality) without detection, at least for a little while, the incentives to maintain quality are not as strong as they are under perfect information.The first essay analyzes a monopoly seller in this imperfect information environment.Viewing reputation as consumers' expectations of quality, it is shown that any self-fulfilling quality level is less than the perfect information quality level.Likewise, in a model where reputation adjusts towards previous quality, any steady state quality level is lower than the perfect information quality level.Furthermore, the slower is reputation adjustment, the lower is the steady-state quality level.
最长约 10秒,即可获得该文献文件

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
大幅提高文件上传限制,最高150M (2024-4-1)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
耶耶耶完成签到 ,获得积分10
刚刚
1秒前
3秒前
心灵美的鹤完成签到,获得积分10
3秒前
xxyqddx发布了新的文献求助10
4秒前
橙浅完成签到,获得积分10
4秒前
5秒前
情怀应助Sir.夏季风采纳,获得10
5秒前
天天快乐应助ConnieSKY采纳,获得10
5秒前
脑洞疼应助Aprilapple采纳,获得10
7秒前
9秒前
10秒前
尊敬飞丹完成签到,获得积分10
10秒前
Rebecca完成签到,获得积分10
12秒前
13秒前
晨曦完成签到,获得积分10
13秒前
阔达的石头完成签到,获得积分20
14秒前
14秒前
14秒前
15秒前
yu完成签到,获得积分10
17秒前
高兴的老黑完成签到,获得积分10
18秒前
18秒前
小蘑菇应助youger采纳,获得10
18秒前
侠医2012完成签到,获得积分10
19秒前
Sir.夏季风发布了新的文献求助10
19秒前
Aprilapple发布了新的文献求助10
20秒前
张家木完成签到,获得积分10
21秒前
22秒前
Yuan发布了新的文献求助10
22秒前
22秒前
23秒前
SinU完成签到,获得积分10
24秒前
26秒前
26秒前
大胆铃铛完成签到,获得积分10
26秒前
Aprilapple完成签到,获得积分10
27秒前
果雨发布了新的文献求助10
27秒前
谦让的小姜完成签到,获得积分10
27秒前
大模型应助北欧海盗采纳,获得10
28秒前
高分求助中
Kinetics of the Esterification Between 2-[(4-hydroxybutoxy)carbonyl] Benzoic Acid with 1,4-Butanediol: Tetrabutyl Orthotitanate as Catalyst 1000
The Young builders of New china : the visit of the delegation of the WFDY to the Chinese People's Republic 1000
Rechtsphilosophie 1000
Bayesian Models of Cognition:Reverse Engineering the Mind 888
Very-high-order BVD Schemes Using β-variable THINC Method 568
Chen Hansheng: China’s Last Romantic Revolutionary 500
XAFS for Everyone 500
热门求助领域 (近24小时)
化学 医学 生物 材料科学 工程类 有机化学 生物化学 物理 内科学 纳米技术 计算机科学 化学工程 复合材料 基因 遗传学 催化作用 物理化学 免疫学 量子力学 细胞生物学
热门帖子
关注 科研通微信公众号,转发送积分 3137977
求助须知:如何正确求助?哪些是违规求助? 2788926
关于积分的说明 7789136
捐赠科研通 2445326
什么是DOI,文献DOI怎么找? 1300288
科研通“疑难数据库(出版商)”最低求助积分说明 625878
版权声明 601046