Warranties as signals under consumer moral hazard.
作者： Nancy A. Lutz
DOI: 10.2307/2555691
关键词: Microeconomics 、 Product (category theory) 、 Warranty 、 Moral hazard 、 Game theory 、 Economics 、 Quality (business) 、 Reliability (statistics) 、 Actuarial science 、 Incentive
摘要: This article examines the use of prices and warranties as signals product quality to consumers who choose how maintain their purchases. The seller's incentives are strongly affected by interaction maintenance in determining reliability. Two different assumptions about this made. A separating equilibrium which high is signalled with a low warranty price shown be possible both cases.
yale.edu
jstor.org
sci-hub.se 参考文章(14)
Nancy Anne Lutz, Warranties and consumer moral hazard U.M.I.. ,(1987)
George L. Priest, A Theory of the Consumer Product Warranty Yale Law Journal. ,vol. 90, pp. 111- 121 ,(1981) , 10.1002/9780470752135.CH11
Joseph von R Farrell, None, Communication in games I : mechanism design without a mediator Research Papers in Economics. ,(1983)
Robert Gertner, Robert Gibbons, David Scharfstein, Simultaneous signalling to the capital and product markets The RAND Journal of Economics. ,vol. 19, pp. 173- 190 ,(1988) , 10.2307/2555698
Russell Cooper, Thomas W Ross, None, Product Warranties and Double Moral Hazard The RAND Journal of Economics. ,vol. 16, pp. 103- 113 ,(1985) , 10.2307/2555592
JENNIFER L. GERNER, W. KEITH BRYANT, Appliance Warranties as a Market Signal Journal of Consumer Affairs. ,vol. 15, pp. 75- 86 ,(1981) , 10.1111/J.1745-6606.1981.TB00691.X
W. KEITH BRYANT, JENNIFER L. GERNER, The Price of a Warranty: The Case for Refrigerators Journal of Consumer Affairs. ,vol. 12, pp. 30- 47 ,(1978) , 10.1111/J.1745-6606.1978.TB00631.X
Paul Milgrom, John Roberts, Price and Advertising Signals of Product Quality Journal of Political Economy. ,vol. 94, pp. 796- 821 ,(1986) , 10.1086/261408
Sanford J Grossman, Motty Perry, Perfect sequential equilibrium Journal of Economic Theory. ,vol. 39, pp. 97- 119 ,(1986) , 10.1016/0022-0531(86)90022-0
Sanford J. Grossman, The Informational Role of Warranties and Private Disclosure about Product Quality The Journal of Law and Economics. ,vol. 24, pp. 461- 483 ,(1981) , 10.1086/466995