Uncertain Product Quality: The Market for Lemons with an Imperfect Testing Technology

1981 ◽  
Vol 12 (2) ◽  
pp. 625 ◽  
Author(s):  
Robert Heinkel
Keyword(s):  
Product Quality ◽  
Market For Lemons ◽  
Testing Technology

scholarly journals On the market for “Lemons”: quality provision in markets with asymmetric information

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Konstantinos Giannakas ◽  
Murray Fulton
Keyword(s):  
Asymmetric Information ◽  
Product Quality ◽  
Market For Lemons ◽  
Economic Result ◽  
Quality Product ◽  
Quality Provision

AbstractAkerlof’s “Lemons” paper provides a seminal economic result suggesting that, in markets with asymmetric information where product quality is unobservable by consumers prior to purchase and use, the introduction of a low-quality product will drive its higher quality counterpart(s) out of the market. In this paper we identify some empirically relevant cases/conditions under which the introduction of a low-quality product does not drive its higher quality substitutes out of the market but, instead, ends-up coexisting with them.

scholarly journals How Agricultural Engineers Develop Mechanical Harvesters: The University Perspective

2014 ◽  
Vol 24 (3) ◽  
pp. 270-273 ◽  
Author(s):  
Jesús A. Gil-Ribes ◽  
Louise Ferguson ◽  
Sergio Castro-Garcia ◽  
Gregorio L. Blanco-Rodán
Keyword(s):  
Product Quality ◽  
Economic Feasibility ◽  
Plant Health ◽  
Model Systems ◽  
Novel Technologies ◽  
Effective Removal ◽  
Testing Technology ◽  
Engineering Parameters ◽  
Removal Technologies ◽  
The University

Developing mechanical harvesting is the most effective, and most difficult, factor in improving horticultural crop profitability. It requires simultaneous incremental changes by multiple entities; engineers, horticulturists, food scientists, economists, local extension personnel, the commercial harvester industry, growers, and displaced laborers and their management. There is a narrow annual testing window. The initial research by engineers and horticulturists focuses on developing effective removal technologies and can be applied or basic. When funding is local, the research is generally applied and is usually an adaptation of existing technology. With national funding, the research is basic or investigates novel technologies. Both are conducted first on model systems or individual plants. Properly executed, both types can be published, but publication is difficult if engineering parameters are changed during the trials. Evaluation of developed removal technologies requires cross-disciplinary teams to evaluate the effects on the final marketable product quality and long-term plant health. Publications can be produced on testing technology or effects on marketable product quality or plant health. An industry education program with field days, industry publications and websites, and annual presentations should frequently report progress. Finally, a prototype should be demonstrated to show the economic feasibility of a mobile platform with catching technology. The research team then expands to include the harvester industry and grower cooperators. Orchard adaptations to increase harvester efficiency are incorporated at this point. Usually by this time all research is applied and the funding local. If results demonstrate economic feasibility, the technology should now segue to the commercial harvester industry as university laboratories mostly lack the capacity to generate truly commercial harvesters. Publications could be delayed to avoid premature disclosure to make patents achievable and to facilitate cooperation between university researchers and commercial fabricators.

Process Quality Controlling and Testing Technology of High-Density Polyethylene Silicore Plastic Duct

2011 ◽  
Vol 308-310 ◽  
pp. 933-936
Author(s):  
Bai Yan Gong ◽  
Yu Hong Lu ◽  
Jing Yi He
Keyword(s):  
Product Quality ◽  
Production Technology ◽  
High Density Polyethylene ◽  
Thin Wall ◽  
Interval Method ◽  
Quality Problem ◽  
Standard Interval ◽  
Testing Technology ◽  
Inner Diameter ◽  
Weighing Method

For the wide applications and quality problem of silicore plastic duct, by means of analysis of product quality, such as thin wall, small inner diameter, thin silicon core, and considering the requirement of production technology, weighing method and standard interval method is proposed to supervise and inspect procuct quality during production. The purpose of controlling product quality can be achieved, and then project quality and life will be ensured.

Product quality and information

2018 ◽  
pp. 295-296
Keyword(s):  
Product Quality

Pengaruh Citra Merek, Kualitas Produk Dan Harga Terhadap Kepuasan Konsumen Pada Bisnis Franchise Minuman

2017 ◽  
Vol 24 (2) ◽  
pp. 144-153
Author(s):  
Yunita Fitri Wahyuningtyas
Keyword(s):  
Regression Analysis ◽  
Marketing Strategy ◽  
Product Quality ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Sampling Method ◽  
Sampling Technique ◽  
Sampling Process ◽  
And Function ◽  
Simultaneous Influence

This research is conducted upon the emergence of many companies producing the same product of the same kind and function. It leads to the urgency of proper and well planned marketing strategy. This research aims to investigate how far the influence of branding, product quality, and price toward consumer’s satisfaction in beverage franchise business. This research utilizes 5 likert scale questionnaire which is tested by using multiple regression analysis to reveal whether or not there is partial and simultaneous influence of branding, product quality, and price toward consumer’s satisfaction in beverage franchise business. Sampling method is accidental sampling technique, in which sample of particular population is taken based on the accessibility and availability of the sample during the sampling process. Sample used is 100 samples among consumers or customers of Mang Endy Milkshake. The result shows that branding, product quality, and price influence consumer’s satisfaction in beverage franchise business.

Pengembangan Butik Muslim yang Terkait dengan Pelayanan Prima dan Kualitas Produk pada Butik Firta Collection

Liquidity ◽  
2018 ◽  
Vol 7 (2) ◽  
pp. 97-107
Author(s):  
Esust Setiawati
Keyword(s):  
Strategic Management ◽  
Product Quality ◽  
Qualitative Method ◽  
Swot Analysis ◽  
External Environment ◽  
Marketing Mix ◽  
External Factors ◽  
Customer Trust

This study aims to analyze how strategic management in the Firta Collection Boutique to develop its business, especially in providing services to customers. The method used in this research is a qualitative method that includes Marketing Mix (4P Analysis) and SWOT Analysis, to find out what external factors are opportunities or threats to the Firta Collection Boutique. The results of the study show that the strategies adopted by the Firta Collection Boutique are still inappropriate and need to use other strategies. Changes in the external environment have continued to increase so that it is an opportunity and anticipates threats by utilizing strengths and minimizing weaknesses by innovating and improving approaches and gaining customer trust in product quality, in order to compete in the fashion sector.

Intra-industry and inter-industry trade through the lens of comparative and absolute advantage

2016 ◽  
pp. 112-128
Author(s):  
A. Gnidchenko
Keyword(s):  
International Trade ◽  
Product Quality ◽  
Vital Role ◽  
Increasing Returns ◽  
Traditional View ◽  
Export Diversification ◽  
Industry Trade ◽  
Long Time ◽  
Absolute Advantage

The article surveys the literature that emphasizes the importance of comparative and absolute advantages for intra- and inter-industry trade. Two conclusions follow form the survey. First, unlike the traditional view, intra-industry trade is determined rather by technology than by increasing returns. Second, absolute advantages that have been ignored in international trade models for a long time play a vital role through their linkages with product quality and export diversification. We also discuss a new strand of literature that models international trade with the assumption of non-homothetic preferences.

PRODUCT QUALITY EVALUATION OF INDUSTRIAL ENTERPRISES

2018 ◽  
Author(s):  
O.S. Maliuk ◽  
T.V. Saprykina
Keyword(s):  
Product Quality ◽  
Quality Evaluation ◽  
Industrial Enterprises
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