Three Essays on Product Quality and Pricing

Three Essays on Product Quality and Pricing
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Total Pages : 89
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ISBN-10 : OCLC:828431253
ISBN-13 :
Rating : 4/5 (53 Downloads)

Synopsis Three Essays on Product Quality and Pricing by : Cristina Daniela Nistor

This dissertation consists of three essays on product quality and pricing. Essay 1: Pricing and Quality Provision in a Channel: A Model of Efficient Relational Contracts The first essay analyzes how quality concerns affect relationships in a channel. A firm concerned about uncontractible quality for a customizable good has to pay higher prices to sustain a relationship with the supplier. If the customizable good has very volatile demand, premium payments on this good cannot be sustained. Instead, the downstream firm pays a premium for a good with more stable demand that is correlated with demand for the customizable good. I use a novel dataset containing sales made by a wholesaler to Asian restaurants in the Southeastern United States to test this prediction empirically. As predicted by the proposed model, if customizable goods have very volatile demand, the high end restaurants do not pay a premium on those goods but instead pay a premium for other goods with more stable demand. Essay 2: Third Party Marketing Approvals The second essay measures the effect of competition in a certifier market. When customers purchase new products, there is often a degree of uncertainty about their quality. A common solution is to rely on a third-party certifier to provide some form of accreditation that signals quality. However, the incentives of a third-party certifier may not be completely benign. Competitive certification markets may lead the certifiers to provide unduly positive evaluations of quality to gain market share or provide unduly negative evaluations in order to gain credibility with end-users. This paper exploits an unusual natural experiment to evaluate the extent to which third-parties can be relied upon to correctly report product quality. It focuses on the FDA's decision to allow third parties to prepare certifications for certain medical devices, and observes how this decision to introduce competition at the reviewer stage has affected the quality of products allowed to go to market. There is evidence that allowing third party certification leads to significantly lower product quality. However, experience with using a third party reviewer in the past diminishes the negative effect of reviewer competition. Essay 3: Layaway and the Quasi-Endowment Effect of Installment Payments The third essay explores the quasi-endowment effect. The paper evaluates how much consumers are willing to prepay for a purchase which will be experienced in the future. In particular, the results indicate that prepaid installment plans allow the consumer to start deriving utility for the purchase from the moment of the first payment. This quasi-endowment effect is felt only for goods that are purchased for own consumption.

Bulletin of the Atomic Scientists

Bulletin of the Atomic Scientists
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Publisher :
Total Pages : 64
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ISBN-10 :
ISBN-13 :
Rating : 4/5 ( Downloads)

Synopsis Bulletin of the Atomic Scientists by :

The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.

The Perception of the Environment

The Perception of the Environment
Author :
Publisher : Routledge
Total Pages : 644
Release :
ISBN-10 : 9781000504668
ISBN-13 : 1000504662
Rating : 4/5 (68 Downloads)

Synopsis The Perception of the Environment by : Tim Ingold

In this work Tim Ingold offers a persuasive new approach to understanding how human beings perceive their surroundings. He argues that what we are used to calling cultural variation consists, in the first place, of variations in skill. Neither innate nor acquired, skills are grown, incorporated into the human organism through practice and training in an environment. They are thus as much biological as cultural. To account for the generation of skills we have therefore to understand the dynamics of development. And this in turn calls for an ecological approach that situates practitioners in the context of an active engagement with the constituents of their surroundings. The twenty-three essays comprising this book focus in turn on the procurement of livelihood, on what it means to ‘dwell’, and on the nature of skill, weaving together approaches from social anthropology, ecological psychology, developmental biology and phenomenology in a way that has never been attempted before. The book is set to revolutionise the way we think about what is ‘biological’ and ‘cultural’ in humans, about evolution and history, and indeed about what it means for human beings – at once organisms and persons – to inhabit an environment. The Perception of the Environment will be essential reading not only for anthropologists but also for biologists, psychologists, archaeologists, geographers and philosophers. This edition includes a new Preface by the author.

Digital and Social Media Marketing

Digital and Social Media Marketing
Author :
Publisher : Springer Nature
Total Pages : 337
Release :
ISBN-10 : 9783030243746
ISBN-13 : 3030243745
Rating : 4/5 (46 Downloads)

Synopsis Digital and Social Media Marketing by : Nripendra P. Rana

This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

Communities in Action

Communities in Action
Author :
Publisher : National Academies Press
Total Pages : 583
Release :
ISBN-10 : 9780309452960
ISBN-13 : 0309452961
Rating : 4/5 (60 Downloads)

Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine

In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Bulletin of the Atomic Scientists

Bulletin of the Atomic Scientists
Author :
Publisher :
Total Pages : 60
Release :
ISBN-10 :
ISBN-13 :
Rating : 4/5 ( Downloads)

Synopsis Bulletin of the Atomic Scientists by :

The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.

Making Eye Health a Population Health Imperative

Making Eye Health a Population Health Imperative
Author :
Publisher : National Academies Press
Total Pages : 587
Release :
ISBN-10 : 9780309439985
ISBN-13 : 0309439981
Rating : 4/5 (85 Downloads)

Synopsis Making Eye Health a Population Health Imperative by : National Academies of Sciences, Engineering, and Medicine

The ability to see deeply affects how human beings perceive and interpret the world around them. For most people, eyesight is part of everyday communication, social activities, educational and professional pursuits, the care of others, and the maintenance of personal health, independence, and mobility. Functioning eyes and vision system can reduce an adult's risk of chronic health conditions, death, falls and injuries, social isolation, depression, and other psychological problems. In children, properly maintained eye and vision health contributes to a child's social development, academic achievement, and better health across the lifespan. The public generally recognizes its reliance on sight and fears its loss, but emphasis on eye and vision health, in general, has not been integrated into daily life to the same extent as other health promotion activities, such as teeth brushing; hand washing; physical and mental exercise; and various injury prevention behaviors. A larger population health approach is needed to engage a wide range of stakeholders in coordinated efforts that can sustain the scope of behavior change. The shaping of socioeconomic environments can eventually lead to new social norms that promote eye and vision health. Making Eye Health a Population Health Imperative: Vision for Tomorrow proposes a new population-centered framework to guide action and coordination among various, and sometimes competing, stakeholders in pursuit of improved eye and vision health and health equity in the United States. Building on the momentum of previous public health efforts, this report also introduces a model for action that highlights different levels of prevention activities across a range of stakeholders and provides specific examples of how population health strategies can be translated into cohesive areas for action at federal, state, and local levels.

Bulletin of the Atomic Scientists

Bulletin of the Atomic Scientists
Author :
Publisher :
Total Pages : 64
Release :
ISBN-10 :
ISBN-13 :
Rating : 4/5 ( Downloads)

Synopsis Bulletin of the Atomic Scientists by :

The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.