Qualitative Information, Reputation and Monopolistic Competition
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.)
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| Length: | |
| Date of creation: | 01 Sep 1982 |
| Date of revision: | |
| Handle: | RePEc:cla:uclawp:265 |
| Contact details of provider: | Web page: http://www.econ.ucla.edu/
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References listed on IDEAS
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