English, Article, Journal or magazine article edition: On Reputational Rents as an Incentive Mechanism in Competitive Markets Bernardita Vial; Felipe Zurita

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Bookmark: http://trove.nla.gov.au/version/198546
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On Reputational Rents as an Incentive Mechanism in Competitive Markets
Author
  • Bernardita Vial
  • Felipe Zurita
Physical Description
  • preprint
Notes
  • This paper shows that more intense competition may improve, rather than hamper, the chances that a market for an experience good or service overcomes the problems caused by informational asymmetries. This, in spite of the fact that intensified competition diminishes the reputational rents that -allegedly- provide the incentives for the production of high quality. Our results show that instead, these incentives are created by price differentials not levels.
  • Reputation, rents, competition, adverse selection, experience good, public monitoring.
  • RePEc:ioe:doctra:354
  • RePEc:cla:levarc:814577000000000279
Language
  • English
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