Voorneveld, Mark (contributor); … - 2004 - [Elektronische Ressource], This revision July 1, 2004
available in two qualities, low
and high. Buyers are interested in buying at most one unit of the good. At the time of
purchase …, and hence even a weak negative signal will
deter a buyer from purchase at that price. If the noise is symmetric and … unimodal, the
limiting probability for purchase is one half.
Also in comparison with the classical symmetric-information model …