Strategies in markets for experience and credence goods

Bibliographic Information

Strategies in markets for experience and credence goods

Men-Andri Benz ; with a foreword by Egon Franck

(Gabler Edition Wissenschaft, . Markt- und Unternehmensentwicklung)

Deutscher Universitäts-Verlag, 2007

1. Aufl

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Note

Thesis (Ph.D.)--Universität Zürich, 2006

Includes bibliographical references and index

Description and Table of Contents

Description

The quality and characteristics of industrial and consumption goods are often not revealed until after consumption. However, the decision to buy these products must be made before buying. Many strategies and instruments for signalling and screening have been developed in the economic world in order to overcome potential market failure due to insufficient quality detection. In many situations, efficient incentives and quality revelation are given to the market players by contracts that structure the process and payments of the transaction.

Table of Contents

Experience and credence goods Experience characteristics and moral hazard in team sports Credence characteristics and strategic human capital selection Experience goods, tournaments, and oligopolistic markets

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