haku: @journal_id 1464 / yhteensä: 220
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Tekijä: | Anderson, S. P. Renault, R. |
Otsikko: | Consumer information and firm pricing: negative externalities from improved information |
Lehti: | International Economic Review
2000 : AUG, VOL. 41:3, p. 721-742 |
Asiasana: | Consumer information Externalities Pricing |
Kieli: | eng |
Tiivistelmä: | 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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