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| Author: | Miravete, E. J. |
| Title: | Estimating demand for local telephone service with asymmetric information and optional calling plans |
| Journal: | Review of Economic Studies
2002 : OCT, VOL. 69:4(241), p. 943-971 |
| Index terms: | Telephone industry Asymmetric information Econometric models |
| Language: | eng |
| Abstract: | The theoretical implications of the model are used to evaluate a tariff experiment run by South Central Bell in two cities in Kentucky in 1986. The empirical approach explicitly accounts for the existence of informational asymmetries between local telephone users and the monopolist, leading to different, nested, econometric specifications under symmetric and asymmetric information. The empirical evidence suggests that there exists a significant asymmetry of information between consumers and the monopolist under tariff regimes. |
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