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A firm chooses a price and the product information it discloses to a consumer whose tastes are privately known. We provide a necessary and sufficient condition on the match function for full disclosure to be the unique equilibrium outcome whatever the costs and prior beliefs about product and...
Persistent link: https://www.econbiz.de/10010733985
We extend the persuasion game to bring it squarely into the economics of advertising. We model advertising as exciting consumer interest into learning more about the product, and determine a firm's equilibrium choice of advertising content over quality information, price information, and...
Persistent link: https://www.econbiz.de/10010733987
In an environment where companies are subject to losing professional knowledge, education is faced with the transformation of learning environments. Its more or less formalized features reveal the difficulty of the transmission due to the tacit nature of the issues. Organizational intelligence...
Persistent link: https://www.econbiz.de/10011073873