Phillip Nelson
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Phillip Nelson
Phillip Jacob Nelson (born 1929) is an emeritus professor at Binghamton University, where he was Bartle Professor of Economics. He is noted for having been the first to observe the distinction between an experience good and a search good. Nelson obtained his doctorate in 1957 from Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ..., with a dissertation titled "A Study in the Geographic Mobility of Labor". Selected publications ;Research articles * * ;Books *.. References External links * Living people 1929 births American economists Columbia University alumni Binghamton University faculty {{US-economist-stub ...
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Binghamton University
The State University of New York at Binghamton (Binghamton University or SUNY Binghamton) is a public university, public research university with campuses in Binghamton, New York, Binghamton, Vestal, New York, Vestal, and Johnson City, New York. It is one of the four university centers in the State University of New York (SUNY) system. As of Fall 2020, 18,128 undergraduate and graduate students attended the university. Since its establishment in 1946, the school has evolved from a small liberal arts college to a large research university. It is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". Binghamton's athletic teams are the Binghamton Bearcats, Bearcats and they compete in NCAA Division I, Division I of the National Collegiate Athletic Association (NCAA). The Bearcats are members of the America East Conference. History Establishment Binghamton University was established in 1946 ...
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Experience Good
Economists and marketers use of the Search, Experience, Credence (SEC) classification of goods and services, which is based on the ease or difficulty with which consumers can evaluate or obtain information. These days most economics and marketers treat the three classes of goods as a continuum. Archetypal goods are: *Search goods: those with attributes that can be evaluated prior to purchase or consumption. Consumers rely on prior experience, direct product inspection and other information search activities to locate information that assists in the evaluation process. Most products fall into the search goods category (e.g. clothing, office stationery, home furnishings). *Experience goods: those that can be accurately evaluated only after the product has been purchased and experienced. Many personal services fall into this category (e.g. restaurant, hairdresser, beauty salon, theme park, travel, holiday). *Credence goods: those that are difficult or impossible to evaluate even after co ...
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Search Good
Economists and marketers use of the Search, Experience, Credence (SEC) classification of goods and services, which is based on the ease or difficulty with which consumers can evaluate or obtain information. These days most economics and marketers treat the three classes of goods as a continuum. Archetypal goods are: *Search goods: those with attributes that can be evaluated prior to purchase or consumption. Consumers rely on prior experience, direct product inspection and other information search activities to locate information that assists in the evaluation process. Most products fall into the search goods category (e.g. clothing, office stationery, home furnishings). *Experience goods: those that can be accurately evaluated only after the product has been purchased and experienced. Many personal services fall into this category (e.g. restaurant, hairdresser, beauty salon, theme park, travel, holiday). *Credence goods: those that are difficult or impossible to evaluate even after co ...
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