Transparency and product variety

We study long run effects of transparency on the consumer side in a differentiated market. Only some consumers know prices. Increasing transparency reduces the equilibrium price, profit and firm entry. This improves welfare and, in most cases, average consumer utility.

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Year of publication:	2009
Authors:	Schultz, Christian
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 3, p. 165-168
Publisher:	Elsevier
Keywords:	Market transparency Product differentiation Product variety Competition policy

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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