Pricing Policies Contingent on Observed Product Quality
作者:
EugeneP. Durbin,
期刊:
Technometrics
(Taylor Available online 1966)
卷期:
Volume 8,
issue 1
页码: 123-134
ISSN:0040-1706
年代: 1966
DOI:10.1080/00401706.1966.10490329
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Expanded use of incentive contracts has created interest in procurement arrangements in which unit purchase price varies as a function of observed product quality. Under the assumption that at a known cost, a producer can control the true quality of his output, a production and procurement situation is described in which a riskaverse producer and consumer both attempt to maximize expected profit-the consumer by selecting a pricing strategy and sample size, and the producer by then selecting the product quality.
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