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This paper investigates the strategies of a data broker in selling information to one or to two competing firms that … can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information … broker are maximized when (1) information identifies the consumers with the highest willingness to pay; (2) consumers with a …
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This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equivalent variations. While...
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