Emergence of product differentiation from consumer heterogeneity and asymmetric information

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Abstract

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We introduce a fully probabilistic framework of consumer product choice based on quality assessment. It allows us to capture many aspects of marketing such as partial information asymmetry, quality differentiation, and product placement in a supermarket.
12 pages, 12 figures

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Trading and Market Microstructure, Physics and Society, General Finance

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http://salesiana.dossiersoluciones.com/handle/123456789/214249

Consulte el texto completo en el siguiente enlace:

https://arxiv.org/abs/0804.1229
 http://arxiv.org/abs/0804.1229
 European Physical Journal B 64, 293-300 (2008)
 doi:10.1140/epjb/e2008-00289-3

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arXiv