Bargaining versus price competition in markets with quality uncertainty

Article Abstract:

Pricing and the endogenous determination of trading rules are examined, and models of posted prices and negotiated prices are developed. All firms operating in equilibrium in a perfectly competitive market with consumers who have perfect information about the quality of products make high-quality goods. Buyers purchase the high-quality products at a price that is the function of the quality of the product and the cost of producing one unit of quality. Consumers do not consider buying products of low quality if they have imperfect information.

Competition (Economics), Economic aspects, Product quality, Pricing, Negotiation, Negotiations, Uncertainty

---

Strategic discipline in monetary policy with private information: optimal targeting horizons

Article Abstract:

A model of monetary policy is used to illustrate the use of a multiperiod monetary targeting process to resolve the problem of monetary-policy credibility in situations in which private information is obtained by the monetary authority. The credibility problem becomes less severe as the targeting horizon becomes shorter, but the monetary authority loses its power to achieve its objectives of stabilization.

Monetary policy

---

Political influence and the dynamic consistency of policy

Article Abstract:

This research focuses on how contributions made by lobbying groups affect government spending and tax policy.

United States, Public Finance Activities, Financial Administration-Natl Govt, Statistical Data Included, Influence, Political aspects, Public finance, Government spending policy, Fiscal policy, Tax policy, Lobbying

Similar abstracts:

• Abstracts: Patterns of competition in banking. Efficient two-part tariffs with uncertainty and interdependent demand
• Abstracts: A signaling explanation for charity. Politics and the choice of durability: comment. Politics and the choice of durability: reply
• Abstracts: Tax holiday for expansions of industrial joint ventures. Franchise agreements in Saudi Arabia: implications of applicability of agency law

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.