search query: @author Renault, R. / total: 2
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Author: | Anderson, S. P. Renault, R. |
Title: | Consumer information and firm pricing: negative externalities from improved information |
Journal: | International Economic Review
2000 : AUG, VOL. 41:3, p. 721-742 |
Index terms: | Consumer information Externalities Pricing |
Language: | eng |
Abstract: | Uninformed consumers do not know in advance their match values with firma, wheras informed consumers do. Prices are lower the greater the proportions of uninformed consumers. Hence uninformed consumers exert a positive externality on the others, in contrast to standard results. |
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