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Vertical product differentiation in the lab: impact of consumers’ preferences

dc.contributor.authorAlventosa, Adriana
dc.contributor.authorPinho, Joana
dc.contributor.authorJorge, Sílvia Ferreira
dc.contributor.authorCatalão-Lopes, Margarida
dc.date.accessioned2024-09-26T16:45:00Z
dc.date.available2024-09-26T16:45:00Z
dc.date.issued2023
dc.description.abstractWe revisit a quality-then-pricing duopoly game, theoretically and experimentally exploring how heterogeneity in consumers’ preferences affects firms’ decisions and profits. We find that firms differentiate less their products in the lab than the theoretical model predicts, especially when the heterogeneity in consumers’ preferences is high. When this heterogeneity is small, the firm producing the low-quality good profits more than the rival in the lab, which contradicts the theoretical predictions.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.14/46753
dc.language.isoengpt_PT
dc.peerreviewednopt_PT
dc.subjectVertical product differentiationpt_PT
dc.subjectConsumers’ preferencespt_PT
dc.subjectExperimental economicspt_PT
dc.titleVertical product differentiation in the lab: impact of consumers’ preferencespt_PT
dc.typepreprint
dspace.entity.typePublication
rcaap.rightsopenAccesspt_PT
rcaap.typepreprintpt_PT

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