The Demand for Information Services and the Market Structure

Our main conclusion is that the demand for information services that facilitate statistical screening between profitable and unprofitable sellers is highly sensitive to the market structure. A monopsonist will use information more extensively than would two or more buyers on the same market. We also show that information quality differences in the sense of Blackwell will influence the demand on information. In equilibrium only the best information service will be used.

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Year of publication:	1999-09-15
Authors:	Holm, Håkan
Institutions:	Nationalekonomiska Institutionen, Ekonomihögskolan
Subject:	Screening \| Information Service \| Market Behavior

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Economics, 2002, pages 155-183. The text is part of a series Working Papers Number 1999:008 25 pages
Classification:	C72 - Noncooperative Games ; D21 - Firm Behavior ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005645196