Voluntary Quality Disclosure under Price‐Signaling Competition

摘要: We analyze an oligopolistic competition with differentiated products and qualities. The quality of a product is not known to consumers. Each firm can make imperfect disclosure its before engaging in price-signaling competition. There are two regimes for separating equilibrium our model depending on the parameters. Our analysis reveals that, one regimes, price signaling leads intense between firms under which only high-quality but also low-quality chooses disclose soften Copyright © 2011 John Wiley & Sons, Ltd.