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    Competition and the Incentive to Produce High Quality

    Competition and the Incentive to Produce High Quality By RACHEL E. KRANTON University of Maryland, College Park Final version received 17 July 2001. Previous literature indicates that, when quality is a choice variable, firms have an incentive to produce high quality to maintain their reputations with consumers. The strategic interaction

    • Published in: Economica · 2003Authors: Rachel E KrantonAffiliation: University of Maryland College ParkAbout: Political science · Market share · Professional association
  2. Price, Quality, and Value | Psychology Today

    Nov 11, 2011 · An expensive blender is generally assumed to be a high-quality blender with lots of features and solid construction. Second, you make a judgment …

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