English, Article, Journal or magazine article edition: Competition and the signaling role of prices; Competition and the signaling role of prices Adriani, Fabrizio; Deidda, Luca

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/168559
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Competition and the signaling role of prices; Competition and the signaling role of prices
Author
  • Adriani, Fabrizio
  • Deidda, Luca
Physical Description
  • preprint
Notes
  • In a market where sellers are heterogeneous with respect of the quality of their good and are more informed than buyers, high quality sellers' chances to trade might depend on their ability to inform buyers about the quality of the goods they offer. We study how the strength of competition among sellers affects the ability of sellers of high quality goods to achieve communication by means of appropriate pricing decisions in the context of a market populated by a large number of strategic price setting sellers and a large number of buyers. When competition among sellers is weak high quality sellers are able to use prices as a signaling device and this enables them to trade. By contrast, strong competition among sellers inhibits the role of prices as signals of high quality, and high quality sellers are driven out of the market.
  • Market for lemons; Adverse selection; Price dispersion; Price-setting; Signaling; Competition
  • RePEc:pra:mprapa:16108
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment