A Model of Endogenous Quality Management

Donald George

Research output: Working paperDiscussion paper

Abstract

This paper is concerned with product quality, defined as a kind of durability. Existing models of product quality (in the sense considered here) depend on the idea of signaling, itself driven by an informational asymmetry dictated by “Nature.” The paper proposes an alternative approach, which endogenizes the quality management process. A model is developed that is applicable to the markets for consumer durables and for some intermediate goods. Both competitive and monopolistic markets are considered, and some comparative static results are obtained.
Original languageEnglish
PublisherEdinburgh School of Economics Discussion Paper Series
Pages1-24
Number of pages24
Publication statusPublished - 21 Dec 1998

Publication series

NameELSE working papers
No.5

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