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Author Benz, Men-Andri.

Title Strategies in markets for experience and credence goods / Men-Andri Benz ; with a foreword by Egon Franck
Edition 1. Aufl
Published Wiesbaden : Deutscher Universitäts-Verlag, 2007

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Description 1 online resource (xv, 120 pages) : illustrations, map
Series Markt- und Unternehmensentwicklung
Gabler research. Markets and organisations.
Contents Experience and credence goods : an introduction -- Experience characteristics and moral hazard in team sports -- Credence characteristics and strategic human capital selection -- Experience goods, tournaments, and oligopolistic markets
Summary The quality and characteristics of industrial and consumption goods are often not revealed until after consumption. However, the decision to buy these products must be made before buying. Many strategies and instruments for signalling and screening have been developed in the economic world in order to overcome potential market failure due to insufficient quality detection. In many situations, efficient incentives and quality revelation are given to the market players by contracts that structure the process and payments of the transaction. Additionally, market forces lead to the emergence of new market players as intermediaries. They provide information about the quality of the products by comparing them and reveal credible signs concerning the relative quality valuation of products. Men-Andri Benz develops new pricing and positioning strategies for suppliers of such contracts goods. Using microeconomic tools as contests and incentive contracts, he analyses the basic positioning decisions for contract goods and designs concrete strategies for the specific sectors of sports and religion. The effects on pricing and profits are examined both in general and for each individual industry
Analysis economie
economics
bedrijfswetenschap
management science
bedrijfsvoering
management
Management studies, Business Administration, Organizational Science (General)
Economics (General)
Management, bedrijfskunde, organisatiekunde (algemeen)
Economie (algemeen)
Bibliography Includes bibliographical references and index
Notes Print version record
In Springer e-books
Subject Consumer behavior.
Consumer goods.
Marketing.
Marketing
marketing.
Consumer behavior -- Mathematical models.
Marketing research -- Mathematical models.
Consumers -- Research -- Mathematical models.
Affaires.
Science économique.
Economie de l'entreprise.
Consumer behavior
Consumer goods
Marketing
Erfahrungsgut
Marketingstrategie
Vertrauensgut
Genre/Form dissertations.
Academic theses
Academic theses.
Thèses et écrits académiques.
Form Electronic book
ISBN 9783835095809
3835095803
9783835007581
3835007580
6611344497
9786611344498
1281344494
9781281344496