Reputation Leaders, Quality Laggards: Incentive Structure in Markets with Both Private and Collective Reputations

被引:21
|
作者
Costanigro, Marco [1 ]
Bond, Craig A. [1 ]
McCluskey, Jill J. [2 ]
机构
[1] Colorado State Univ, Dept Agr & Resource Econ, Ft Collins, CO 80523 USA
[2] Washington State Univ, Sch Econ Sci, Pullman, WA 99164 USA
关键词
Collective reputation; dynamic games; firm reputation; geographical indications; information and product quality; L14; L15; Q14; INFORMATION; PRICE; EXPERIENCE; ECONOMICS; CHOICE; NAME;
D O I
10.1111/j.1477-9552.2011.00331.x
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
A theoretical model is developed to illustrate the economic incentives to invest in quality in markets with a dual reputation structure: private (firm reputation) and collective (regional reputation). Numerical dynamic programming techniques are then used to simulate firms strategic behaviour, and competitive outcomes are compared to the optimal investment of a regional planner. Market and product characteristics inducing asymmetric and/or sub-optimal investment strategies, potentially destabilising for the region, are investigated.
引用
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页码:245 / 264
页数:20
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