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Record W2952771260 · doi:10.1111/jems.12443

Private labels and product quality under asymmetric information

2021· article· en· W2952771260 on OpenAlexafffund
Zhiqi Chen, Heng Xu

Bibliographic record

VenueJournal of Economics & Management Strategy · 2021
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicConsumer Market Behavior and Pricing
Canadian institutionsCarleton University
FundersSocial Sciences and Humanities Research Council of Canada
KeywordsBusinessProfit (economics)Quality (philosophy)Product (mathematics)Information asymmetryIndustrial organizationPrivate information retrievalMicroeconomicsMarketingCommerceEconomicsComputer scienceMathematicsFinance

Abstract

fetched live from OpenAlex

Abstract Contrary to the existing theories of private label (PL) products, we demonstrate that the introduction of a PL product by a retailer may improve the profit of the supplier of a competing national‐brand (NB) product. Our theory is built on two main elements. First, the introduction of a PL product may expand the total demand for the products carried by the retailer and thus enlarge the joint profit to be split between the retailer and the supplier of the NB product. Second, in an environment where consumers do not know the quality of the PL product, the NB serves as a bond to assure consumers that the retailer sells high‐quality products only. This quality assurance enhances the joint profit generated by the introduction of the PL product, which, in conjunction with the weakening of the retailer's bargaining position caused by asymmetric information, may enable the NB supplier to earn a larger profit than in the absence of the PL product.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.786
Threshold uncertainty score0.669

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.003
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.038
GPT teacher head0.263
Teacher spread0.225 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2021
Admission routes2
Has abstractyes

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