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Re: Price as a Signal of Quality: was Question about Say's Law
On Friday, May 26, 2006 at 09:01:33 (-0700) michael perelman writes:
>Here is what I wrote in Class Struggles in the Information Age. ...
Something related, perhaps of interest:
What Determines Wine Prices: Objective vs. Sensory Characteristics
Sébastien Lecocq and Michael Visser
Journal of Wine Economics, Vol. 1, No. 1, 42-56
http://www.wine-economics.org/FullText_lecocq.pdf
Bill
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