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Signalling product quality: When is price relevant?

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  • Jones, Philip
  • Hudson, John

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 30 (1996)
Issue (Month): 2 (August)
Pages: 257-266

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Handle: RePEc:eee:jeborg:v:30:y:1996:i:2:p:257-266

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Web page: http://www.elsevier.com/locate/jebo

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References

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  1. Rao, Akshay R & Monroe, Kent B, 1988. " The Moderating Effect of Prior Knowledge on Cue Utilization in Product Evaluations," Journal of Consumer Research, University of Chicago Press, vol. 15(2), pages 253-64, September.
  2. Milgrom, Paul & Roberts, John, 1986. "Price and Advertising Signals of Product Quality," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 796-821, August.
  3. Nelson, Philip, 1974. "Advertising as Information," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 729-54, July/Aug..
  4. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
  5. Andrews, Rick L., 1992. "Economics of information and heterogeneous products," Journal of Economic Psychology, Elsevier, vol. 13(3), pages 399-420, September.
  6. Hong, Sung-Tai & Wyer, Robert S, Jr, 1989. " Effects of Country-of-Origin and Product-Attribute Information on Product Evaluation: An Information Processing Perspective," Journal of Consumer Research, University of Chicago Press, vol. 16(2), pages 175-87, September.
  7. Jones, Philip & Hudson, John, 1996. "Standardization and the costs of assessing quality," European Journal of Political Economy, Elsevier, vol. 12(2), pages 355-361, September.
  8. Archibald, Robert B & Haulman, Clyde A & Moody, Carlisle E, Jr, 1983. " Quality, Price, Advertising, and Published Quality Ratings," Journal of Consumer Research, University of Chicago Press, vol. 9(4), pages 347-56, March.
  9. Pollak, Robert A, 1977. "Price Dependent Preferences," American Economic Review, American Economic Association, vol. 67(2), pages 64-75, March.
  10. Maute, Manfred F. & Forrester, William Jr., 1991. "The effect of attribute qualities on consumer decision making: a causal model of external information search," Journal of Economic Psychology, Elsevier, vol. 12(4), pages 643-666, December.
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Citations

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Cited by:
  1. Juergen Noll, 2003. "Does One Size Fit All? A Note on the Harmonization of National Warranty Law as a Tool of Consumer Protection," European Journal of Law and Economics, Springer, vol. 16(2), pages 219-231, September.
  2. Bester, Helmut & Ritzberger, Klaus, 1998. "Strategic Pricing, Signalling and Costly Information Acquisition," CEPR Discussion Papers 2032, C.E.P.R. Discussion Papers.
  3. Ram Singh, 2008. "Risk, Informational Asymmetry and Product Liability: An Enquiry into Conflicting Objectives," Working Papers id:1466, eSocialSciences.
  4. Gergaud, Olivier & Livat, Florine, 2007. "How do consumers use signals to assess quality?," Working Papers 37296, American Association of Wine Economists.
  5. Hudson, John, 2000. "A Bayesian approach to the evaluation of stochastic signals of product quality," Omega, Elsevier, vol. 28(5), pages 599-607, October.
  6. Thomas Liebi, 2003. "The Demand for Tests," Diskussionsschriften dp0307, Universitaet Bern, Departement Volkswirtschaft.
  7. Noll, Juergen, 2004. "Comparing quality signals as tools of consumer protection: are warranties always better than advertisements to promote higher product quality?," International Review of Law and Economics, Elsevier, vol. 24(2), pages 227-239, June.
  8. Ram Singh, 2002. "Characterization of Efficient Product Liability Rules: When Consumers are Imperfectly Informed," Working papers 110, Centre for Development Economics, Delhi School of Economics.
  9. Hudson, John & Jones, Philip, 2001. "Measuring the efficiency of stochastic signals of product quality," Information Economics and Policy, Elsevier, vol. 13(1), pages 35-49, March.
  10. Hwang, Yun Jae & Roe, Brian E. & Teisl, Mario F., 2005. "Does Price Signal Quality? Strategic Implications of Price as a Signal of Quality for the Case of Genetically Modified Food," 2005 Annual meeting, July 24-27, Providence, RI 19509, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  11. John Hudson & Philip Jones, 2003. "International trade in 'quality goods': signalling problems for developing countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(8), pages 999-1013.

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