fringe. When the competitive fringe is large enough, there exists a unique fully revealing equilibrium, in which the price … high price and mimicking a high quality is not profitable when the competitive fringe is large enough. Since a higher price … effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …

implications for price discrimination, labor markets, and dynamic pricing. …

-independent models of fairness. Our results have implications for price discrimination, labor markets, and dynamic pricing …