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- W3122507310 abstract "We investigate a two-period Bertrand market in which one seller introduces a new product of uncertain quality. The new product competes with an alternative good of known quality. Ex ante neither sellers nor consumers know the value of the new product. While consumers can learn their valuation by actual consumption (experimentation), sellers cannot observe experimentation outcomes. Thus, asymmetric information arises if the buyer experiments. As a result, the equilibrium is inefficient, and too little entry occurs." @default.
- W3122507310 created "2021-02-01" @default.
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- W3122507310 date "2002-01-01" @default.
- W3122507310 modified "2023-09-22" @default.
- W3122507310 title "Entry and experimentation in oligopolistic markets for experience goods" @default.
- W3122507310 hasPublicationYear "2002" @default.
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