Product Quality Signaling in Experimental Markets

Product Quality Signaling in Experimental Markets

Experimental Markets for Product Concepts Paper 149

Market prices are well known to efficiently collect and aggregate diverse information regarding the value of commodities and assets. The role of markets has been particularly suitable to pricing financial securities. This article provides an alternative application of the pricing mechanism to marketing research using pseudo-securities markets to measure preferences over new product concepts. Su...

Product Quality in Different Markets and Cost Structure

This paper analyzes the behavior of monopoly firm serving its products to two countries. The main focus of this paper is on how the product-quality choice in different markets are related with the cost structure of the firm. First, This paper examines the effects of production and R&D costs on the product quality separately, and then discusses the general case where the both costs exists. This ...

Signaling in Matching Markets

We evaluate the e ect of costless preference signaling in two-sided matching markets between rms and workers. We consider a game of incomplete information with rm segments. Workers agree on the ranking of rms across segments, but have idiosyncratic and uniformly distributed preferences within segments. Firm preferences over workers are idiosyncratic and uniformly distributed. Each worker can se...

Reciprocity in Experimental Markets