Arbeitspapier
Consumer salience and quality provision in (un)regulated public service markets
This paper examines the publication of quality indicators in service markets with public finance systems, such as education and healthcare markets. We provide a spatial model of product differentiation in which the reporting of such indicators increases consumers' decision weight on quality relative to other attributes (such as prices and horizontal match) and study the effects in two market environments: markets with regulated prices and markets with unregulated prices. We find that the publication of quality indicators increases quality investments by service providers, but also leads to higher prices and less product variety. Consumer and total welfare may decrease with such policies, in particular when consumers are heavily subsidised.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 20-087
- Klassifikation
-
Wirtschaft
Information and Product Quality; Standardization and Compatibility
Economics of Regulation
Health: General
Education and Research Institutions: General
- Thema
-
Service markets
Quality reporting
Variety
Entry
Regulation
Public finance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gu, Yiquan
Rasch, Alexander
Wenzel, Tobias
- Ereignis
-
Veröffentlichung
- (wer)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (wo)
-
Mannheim
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gu, Yiquan
- Rasch, Alexander
- Wenzel, Tobias
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Entstanden
- 2020
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