Asymmetric information flows in customer markets
Article Abstract:
A model of price setting in a customer market is presented. The analysis of asymmetric information allows for repeat purchasing by customers. It is demonstrated that the parameters of customer flows affect the range of equilibrium and price flexibility. It is also shown that prices will be more upwardly flexible than downwardly flexible. The extent of this asymmetry depends on the firm's discount rate and the rate at which information is transmitted to customers.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 1992
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Quality bargains and intermediate goods protection
Article Abstract:
Research examining reasons behind the proposition that withdrawing a firm's protection can result in better quality products. It is emphasized that increased bargaining power is handed over to intermediary parties when when the company without protection is the supplier.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2001
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An asymmetric information model of lockouts
Article Abstract:
Research exploring ways in which companies can use lockouts to determine unions to release private information is presented. An asymmetric information model is developed to show how lockouts can be used in collective bargaining.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2001
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