Recent developments in information technology (IT) have resulted in the collection of a vast amount of customer … specific data. As the IT advances the quality of such information improves. We analyze a sequential spatial model of … oligopolistic third degree price discrimination where the firms use the available information to classify the consumers into …

We investigate how the endogenous acquisition of information, of a certain quality level, on consumers' willingness to … information quality we are able to obtain the equilibrium in the game for all levels of price discrimination and in the limit the … case of perfect price discrimination. This gives us insights about equilibrium behavior in markets where: 1) Information on …

We look at the incentives of two firms, who produce horizontally differentiated products, to acquire information of a … certain quality on consumer willingness to pay. A firm who possesses such information can offer its product to different … consumer groups at different prices (third degree price discrimination). We show that ``acquiring information'' and ``price …

We investigate how the endogenous acquisition of information, of a certain quality level, on consumers' willingness to … pay (location) affects the equilibrium prices and welfare in a spatial price discrimination model. Higher information … quality implies that the firms who acquire the information can identify the location of each consumer more accurately. By …

The Indian agricultural sector is leveraging the Information and Communication Technologies (ICT) to disseminate the … right information at the right time. The cost factor in face-to-face information dissemination and the difficulties in …

Some recent empirical works indicate that investor performance and market patterns are primarily information driven … instead of a behavioral phenomenon. However, Grossman and Stiglitz information theory and its variations offer little guidance … in identifying informed investors and in distinguishing between securities with scarce information and those with widely …

. On one hand, the pooling of information within bidding rings increases the precision of competing estimates. We … information is distributed. The experimental results are consistent with our theoretical predictions for different value and …

investigate this question in case that the individual probability functions are based on different information sets. Under … any overlaps between different persons' information sets. The solutions are derived from an axiomatic system that models … parameter-free, and that they incorporate each individual's information although the individuals need not communicate their …

information which also bear a high degree of privacy. Whereas the literature suggests relational contracts as a way how … qualitative and private information can be credibly conveyed to the lender, it is shown that even in the German housebank … banks, too, respond to information gaps with unfavourable loan conditions. As an alternative specialized information …

to coordinate when they are given little in-formation, i.e. when subjects are uninformed about the payoff matrix and feed … information prior to playing the game changes subject behaviour and significantly improves performance, even though standard … adaptive learning rules do not take such information into account and optimal adaptive rules do not differ much between the two …