Alternative interpretations of price-quality relations

Christian Hjorth-Andersen

doi:10.1007/BF01016355

Alternative interpretations of price-quality relations

Christian Hjorth-Andersen

Department of Economics

12 Citations (Scopus)

Abstract

In a previous paper by Ratchford and Gupta price-quality relations are related to a measure of market efficiency. In this paper, alternative explanations are presented to the effect that one cannot conclude from a poor price-quality relation that the market is inefficient. Further, some of the estimates presented by Ratchford and Gupta are questioned

Original language	English
Journal	Journal of Consumer Policy
Volume	15
Issue number	1
Pages (from-to)	71-82
ISSN	0168-7034
DOIs	https://doi.org/10.1007/BF01016355
Publication status	Published - 1992

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title = "Alternative interpretations of price-quality relations",

abstract = "In a previous paper by Ratchford and Gupta price-quality relations are related to a measure of market efficiency. In this paper, alternative explanations are presented to the effect that one cannot conclude from a poor price-quality relation that the market is inefficient. Further, some of the estimates presented by Ratchford and Gupta are questioned",

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DO - 10.1007/BF01016355

M3 - Journal article

SN - 0168-7034

VL - 15

SP - 71

EP - 82

JO - Journal of Consumer Policy

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Alternative interpretations of price-quality relations

Abstract

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