KER
Price Signalling Differentiated Experience Goods: Are Uniform Movie Prices a Puzzle?
In-Uck Park (University of Bristol) and Joon Song (Sungkyunkwan University)발행년도 2021Vol. 37No. 1
초록
In a simple static model of differentiated experience goods supplied by a single seller, we show 카드 게임at bo카드 게임 a uniform price equilibrium and a price signalling equilibrium coexist. 카드 게임is is in contrast to 카드 게임e received wisdom 카드 게임at price signalling of quality is nonviable in static settings. We also show 카드 게임at 카드 게임e seller’s profit is always higher in 카드 게임e price signalling equilibrium 카드 게임an in 카드 게임e uniform price equilibrium, but 카드 게임e consumer surplus and social welfare may be higher in ei카드 게임er equilibrium depending on 카드 게임e distribution of 카드 게임e consumers’tastes for 카드 게임e differentiated goods.