Imperfect information in a quality-competitive hospital market. A comment on Gravelle and Sivey

Sandro Shelegia

MPRA Paper from University Library of Munich, Germany

Abstract: I show that the equilibrium derived in Gravelle and Sivey (2010) cannot hold for rational consumers. I then partially characterize the continuum of possible equilibria for rational consumers.

Keywords: Quality choice; imperfect information (search for similar items in EconPapers)
JEL-codes: D43 D83 (search for similar items in EconPapers)
Date: 2012-10-22
New Economics Papers: this item is included in nep-cta
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42121

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