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dc.contributor.authorClements, Matthew T.en_US
dc.date.accessioned2011-03-23en_US
dc.date.accessioned2011-05-13T14:52:18Z-
dc.date.available2011-05-13T14:52:18Z-
dc.date.issued2011en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 5 2011-5 1-22en_US
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2011-5en_US
dc.identifier.urihttp://hdl.handle.net/10419/45567-
dc.description.abstractIf a product has two dimensions of quality, one observable and one not, a firm can use observable quality as a signal of unobservable quality. The correlation between consumers' valuation of high quality in each dimension is a key determinant of the feasibility of such signaling. A firm may use price alone as a signal, or price and quality together. Both signals tend to be used when the market is very uninformed, whereas price signaling alone tends to be used when the market is moderately informed. If high observable quality is inexpensive to provide, then it cannot signal high unobservable quality, and low observable quality is always an indication that unobservable quality is high.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics 2011-5en_US
dc.subject.jelD82en_US
dc.subject.jelL15en_US
dc.subject.ddc330en_US
dc.subject.keywordSignalingen_US
dc.subject.keywordqualityen_US
dc.subject.stwProduktqualitäten_US
dc.subject.stwSignallingen_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwInformationsverhaltenen_US
dc.subject.stwTheorieen_US
dc.titleLow quality as a signal of high qualityen_US
dc.typeArticleen_US
dc.identifier.ppn654665281en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifweej:20115-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

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