Strategies in Markets for Experience and Credence Goods

• Main Author: Benz, Men-Andri (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : DUV, 2007.
• Subjects: Business.; Management.; Leadership.; Business and Management.; Business Strategy/Leadership.

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...

Table of 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 and Conclusions.