Detail Warranties Without Commitment to Market Participation   Oleh:  Ross, Thomas W. ; Cooper, Russell ; Bigelow, John Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 1 (1993), page 85-100. Topik: MARKETS; warranties; market participation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The provision of product warranties when the exit of firms is possible is an example of a more general contracting problem without full commitment. When firms cannot precommit to future market participation, they can exit if continued participation is not profitable, thereby avoiding outstanding warranty obligations. Incentives for market participation come from future profits which depend on future sales. The resulting intertemporal linkage between cohorts of consumers may create multiple, Pareto - ordered equilibria. The possibility of multiple equilibria is examined for alternative market structures as is the government's role in influencing the selection of an equilibrium. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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