IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Qualitative Information, Reputation and Monopolistic Competition

Author Info

Listed author(s):
  • Michael R. Darby

    (UCLA)

  • John R. Lott

    (UCLA)

Abstract

Much recent research in the economics of information has analyzed the implications of alternative market structures in the presence of qualitative characteristics which cannot be accurately and objectively measured or described. This approach avoids the more basic question of the influence of qualitative information on the emergence of market structures. This paper argues that market structures arise which minimize total average production and information costs and that qualitative characteristics produce structures utilizing reputation.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.econ.ucla.edu/workingpapers/wp265.pdf
Download Restriction: no

Paper provided by UCLA Department of Economics in its series UCLA Economics Working Papers with number 265.

as
in new window

Length:
Date of creation: 01 Sep 1982
Handle: RePEc:cla:uclawp:265
Contact details of provider: Web page: http://www.econ.ucla.edu/

Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
  2. Rothschild, Michael, 1973. "Models of Market Organization with Imperfect Information: A Survey," Journal of Political Economy, University of Chicago Press, vol. 81(6), pages 1283-1308, Nov.-Dec..
  3. Stiglitz, Joseph E, 1975. "The Theory of "Screening," Education, and the Distribution of Income," American Economic Review, American Economic Association, vol. 65(3), pages 283-300, June.
  4. Barzel, Yoram, 1970. "Excess Capacity in Monopolistic Competition," Journal of Political Economy, University of Chicago Press, vol. 78(5), pages 1142-1149, Sept.-Oct.
  5. Michael R. Darby, 1973. "Entrepreneurships, the Firm, and the General Market Information Problem," UCLA Economics Working Papers 036, UCLA Department of Economics.
  6. Darby, Michael R & Karni, Edi, 1973. "Free Competition and the Optimal Amount of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 67-88, April.
  7. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
  8. Hirshleifer, Jack, 1973. "Where Are We in the Theory of Information?," American Economic Review, American Economic Association, vol. 63(2), pages 31-39, May.
  9. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
  10. George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59, pages 185-185.
  11. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
  12. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-641, August.
  13. Schmalensee, Richard, 1972. "A Note on Monopolistic Competition and Excess Capacity," Journal of Political Economy, University of Chicago Press, vol. 80(3), pages 586-591, May-June.
  14. G. C. Archibald, 1961. "Chamberlin versus Chicago," Review of Economic Studies, Oxford University Press, vol. 29(1), pages 2-28.
  15. Ohta, H, 1977. "On the Excess Capacity Controversy," Economic Inquiry, Western Economic Association International, vol. 15(2), pages 153-165, April.
  16. Nelson, Philip, 1974. "Advertising as Information," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 729-754, July/Aug..
  17. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
Full references (including those not matched with items on IDEAS)

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

as
in new window


Cited by:

  1. John R. Lott, 2013. "Principles and standards for the benefit–cost analysis of crime," Chapters,in: Principles and Standards for Benefit–Cost Analysis, chapter 4, pages 153-171 Edward Elgar Publishing.
  2. Lynne G. Zucker & Michael R. Darby, 1995. "Social Construction of Trust to Protect Ideas and Data in Space Science and Geophysics," NBER Working Papers 5373, National Bureau of Economic Research, Inc.
  3. Alexander, Cindy R, 1999. "On the Nature of the Reputational Penalty for Corporate Crime: Evidence," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 489-526, April.
  4. Zucker, Lynne G. & Brewer, Marilynn B. & Darby, Michael R. & Peng, Yusheng, 1994. "Collaboration Structure and Information Dilemmas in Biotechnology: Organizational Boundaries as Trust Production," Institute for Social Science Research, Working Paper Series qt0gd8j9k8, Institute for Social Science Research, UCLA.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Access and download statistics

When requesting a correction, please mention this item's handle: RePEc:cla:uclawp:265. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David K. Levine)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.