Price and quality cycles for experience goods
Price and quality cycles for experience goods
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体验商品的价格和质量周期
DOI：
10.2307/2555976
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发表时间：
1994
期刊：
影响因子：
--
通讯作者：
R. Rosenthal
中科院分区：
文献类型：
--
作者：
Douglas Gale;R. Rosenthal
我们探讨了一个动态的，竞争模型的经验产品，并研究了它的均衡，其中企业计划最初生产高品质，低价格，然后高品质，然后低品质，高价格。每个消费者都知道，所有公司最终都打算以消费者为代价来损害自己的声誉，但他理性地选择等待直接证据表明，他所依附的公司已经进入了剥削阶段。
We explore a dynamic, competitive model for experience goods and study an equilibrium for it in which firms plan initially to produce high quality at low price, then high quality at high price, then low quality at high price. Each consumer is aware that all firms eventually intend to run down their reputations at customers' expense, yet he rationally chooses to wait for direct evidence that the firm to which he is attached has already entered into the exploitative phase.