Joint Product Signals of Product Quality

James McClure and Lee Spector

No 199101, Working Papers from Ball State University, Department of Economics

Abstract: In the absence of other information about the quality of an experience good, the price of a jointly produced search good provides consumers with a signal of the former good’s quality.. This hypothesis provides an explanation for the heretofore unexplained pricing policies found in Barron’s and Umbeck’s (1984) empirical investigation of gasoline retailing.

Keywords: Search good; Experience good; Product quality signal; Gasoline retailing (search for similar items in EconPapers)
Pages: 10 pages
Date: 1991-01, Revised 1991-04
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Citations: View citations in EconPapers (4)

Published in Atlantic Economic Journal 19 no. 4 (1991): 38-41.

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Persistent link: https://EconPapers.repec.org/RePEc:bsu:wpaper:199101

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