Unpriced quality |
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Authors: | Pascal Courty |
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Institution: | Pascal Courty, Department of Economics, University of Victoria, P.O. Box 1700, STN CSC, Victoria, BC, Canada V8W 2Y2 |
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Abstract: | A monopolist charges the same price for differentiated products when high quality products are likely to be assigned to low valuation consumers. The argument explains the use of ‘unpriced quality’ for concert tickets, movie theaters, and elsewhere. |
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Keywords: | D42 D45 |
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