Renault, Régis; Anderson, Simon P. - Université Paris-Dauphine (Paris IX) - 2009
Improved consumer information about horizontal aspects of products of similar quality leads to better consumer matching …, though, the higher-quality (and hence larger) firm's price falls with more information, so both effects benefit consumers … imparts more information, therefore helps consumers. Although it also improves the profitability of the small firm, overall …