Jaskold Gabszewicz, Jean
[UCL]
Resende, Joana
[University of Porto]
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.
Bibliographic reference |
Jaskold Gabszewicz, Jean ; Resende, Joana. Differentiated credence goods and price competition. In: Information Economics and Policy, Vol. 24, no. 3-4, p. 277-287 (2012) |
Permanent URL |
http://hdl.handle.net/2078/122473 |