Consumer Information and the Limits to Competition

This paper studies competition between firms when consumers observe a private signal of their preferences over products. Within the class of signal structures that induce pure-strategy pricing equilibria, we derive signal structures that are optimal for firms and those that are optimal for consumers...

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Veröffentlicht in:	The American economic review 2022-02, Vol.112 (2), p.534-577
Hauptverfasser:	Armstrong, Mark, Zhou, Jidong
Format:	Artikel
Sprache:	eng
Schlagworte:	Produktdifferenzierung Signalling Theorie Verbraucherinformation Wettbewerb
Online-Zugang:	Volltext
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