TY  - BOOK
AU  - Gagnon-Bartsch, Tristan
AU  -  Rosato, Antonio
TI  - Quality Is in the Eye of the Beholder: Taste Projection in Markets with Observational Learning
SN  - 0002-8282
PB  - American Economic Review
KW  -  Communication
KW  -  Information and Knowledge
KW  -  Information and Product Quality
KW  -  Learning
KW  -  Micro-Based Behavioral Economics
KW  - Market Structure
N2  - We study how misperceptions of others' tastes influence beliefs, demand, and prices in markets with observational learning. Consumers infer a good's quality from the quantity demanded and price paid by others. When consumers exaggerate the similarity betw
UR  - https://www.aeaweb.org/articles?id=10.1257/aer.20230814
ER  -