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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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