Product Quality in Markets Where Consumers are Imperfectly Informed

Dennis E. Smallwood · John Conlisk

240 citations0/0 files storedThe Quarterly Journal of Economics

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Merger and Competition Analysis Consumer Market Behavior and Pricing Economic theories and models

Abstract

I. Introduction, 1.—II. Context of the model, 3.—III. Consumer specifications and market equilibrium in the case of fixed breakdown probabilities, 5.—IV. Breakdown probabilities set by profit considerations, 11.—V. Conclusion, 19.—Appendix, 20.

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