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Price and quality competition in the restaurant industry: effects of restaurants’ reputation

2021Journal article Open access
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dc.contributor.authorFerreira, Fernanda A.
dc.contributor.authorFerreira, Flávio
dc.contributor.authorFernandes, Paula Odete
dc.date.accessioned2021-11-10T12:19:46Z
dc.date.available2021-11-10T12:19:46Z
dc.date.issued2021
dc.description.abstractThis paper considers a quality and price competition between two asymmetric restaurants, by establishing a two-stage dynamic game model. We nd that the restaurant with the most reputation offers more food with a higher quality than its rival. We also analyse the effects of the difference of restaurants' reputation on the market equilibrium outcomes. We show that the increase in the reputation difference between restaurants decreases profits of the small restaurant and raises prots of the large restaurant, consumer surplus and social welfare. Furthermore, compared with the case under quantity competition instead of price, social welfare is higher under price competition, while the opposite holds for small restaurant's profits. However, the relationship of large restaurant's profits is ambiguous.pt_PT
dc.description.sponsorshipAuthors are grateful to the Foundation for Science and Technology (FCT, Portugal) for nancial support by national funds FCT/MCTES to UNIAG, under the Project no. UIDB/04752/2020
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.34624/rtd.v37i0.26323pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.22/18841
dc.language.isoengpt_PT
dc.publisherUniversidade de Aveiropt_PT
dc.relationUIDB/04752/2020
dc.relation.publisherversionhttps://proa.ua.pt/index.php/rtd/article/view/26323pt_PT
dc.subjectGame theorypt_PT
dc.subjectBertrand modelpt_PT
dc.subjectCournot modelpt_PT
dc.subjectFood industrypt_PT
dc.titlePrice and quality competition in the restaurant industry: effects of restaurants’ reputationpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage29pt_PT
oaire.citation.startPage21pt_PT
oaire.citation.titleRevista Turismo & Desenvolvimento = Journal of Tourism and Developmentpt_PT
oaire.citation.volume37pt_PT
person.familyNameFerreira
person.familyNameFerreira
person.givenNameFernanda A.
person.givenNameFlávio
person.identifierR-000-4TV
person.identifier.ciencia-idD116-9419-5778
person.identifier.ciencia-id9F13-D3C6-244B
person.identifier.orcid0000-0002-1335-7821
person.identifier.orcid0000-0001-7812-0983
person.identifier.ridN-4563-2013
person.identifier.ridN-4562-2013
person.identifier.scopus-author-id24723992800
person.identifier.scopus-author-id22978799800
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationaaa18584-508e-46b1-9b50-4e174c0e142c
relation.isAuthorOfPublication6f67981a-3965-4ace-aec9-65938c4bcf66
relation.isAuthorOfPublication.latestForDiscoveryaaa18584-508e-46b1-9b50-4e174c0e142c

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