The Klein–Leffler model explains how fear of reputation loss can induce firms to produce high‐quality experience goods. This paper shows that reputation can be leveraged across …
In a market environment with random detection of product quality, a firm can employ umbrella branding as a strategy to convince consumers of the high quality of its products …
Abstract The Klein-Leffler model explains how fear of reputation loss can induce firms to produce high-quality experience goods. This paper shows that reputation can be leveraged …
This paper develops a theory of umbrella branding as a way to link the reputations of otherwise unrelated products. I show that while umbrella branding can credibly signal …
Some firms that operate in multiple product markets use the same brand in different markets, whereas others use different brands in different markets. This research investigates in which …
Research has recognized that the price of an experience good is not only determined by firm and collective reputation, which act as proxies of firm product quality, but also by the firm's …
J Miklós-Thal - Quantitative marketing and economics, 2012 - Springer
This paper develops a theory of umbrella branding as a way to link the reputations of otherwise unrelated products. The analysis predicts that umbrella branding can credibly …
B Wernerfelt - The RAND Journal of Economics, 1988 - JSTOR
I present a signalling model in which a multiproduct firm can use its reputation as a bond for quality by using a brand name for an established product when it introduces a new …
CA Montgomery, B Wernerfelt - Journal of Business, 1992 - JSTOR
In the context of competitive markets with asymmetric information, we develop a model of firms' branding decisions. In equilibrium, both branded and unbranded products exist, and …