The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Competitive Price and Quality Under Asymmetric Information
Abstract
We present an analysis of equilibrium in markets with asymmetrically informed consumers. Some consumers know both price and quality of all sellers, whereas others know neither but may search among sellers. The equilibrium correlation between price and quality generally increases with the level of information in the market and can be negative when this level is sufficiently small. A meta-analysis of the available empirical studies strongly supports the model's predictions.
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Citations
Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Cited by
On Product Uncertainty in Online Markets: Theory and Evidence1
Dimoka, A., Hong, Y., & Pavlou, P. A. (2012) · MIS Quarterly · doi:10.2307/41703461 · Cited by 682
Metadata
- Authors
- Tellis, G. J., & Wernerfelt, B.
- Venue
- Marketing Science
- Published
- 1987-08
- Volume
- 6
- Issue
- 3
- Pages
- 240-253
- ISSN
- 0732-2399 (ISSN-L)
- 1526-548X
- OpenAlex
- W1999368038
- Cited by
- 299
- References
- 1
- FWCI
- 19.57
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
