Strategic Choice of Quality When Quality is Costly : The Persistence of The High-Quality Advantage  

Oleh:

Lehmann-Grube, Ulrich

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Rand Journal of Economics vol. 28 no. 2 (1997), page 372-384.
Topik: STRATEGIC; strategic choice; quality; costly; high - quality advantage

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In a two - firm, two - stage model of vertical product differentiation, I show that for every convex fixed - cost function of quality, the firm that chooses the higher quality at the first stage earns the higher profits. The result holds for the pure - strategy equilibrium in the simultaneous - quality game, and it holds as well if firms choose their qualities in sequential order.

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