conformity. In equilibrium, both quality and cost leaders choose higher advertising intensities and charge higher prices than … asymmetries between firms. -- advertising ; social attitude ; consumption externality ; quality …

discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U …-shaped relationship lends support to a popular view that knowledge is good only if it is sufficiently refined. When information accuracy … reach a high enough level of information precision. Consumers expected surplus being a hump-shaped function of information …

consumption. Recommendations reduce uncertainty about goods consumers are most uncertain about and induce information acquisition …

structure, environmental quality, and social welfare? The paper addresses these issues using a model of two-dimensional vertical …

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase …, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions …. After purchase the true quality of the good is revealed with positive probability. To provide firms with incentives to …

A monopolist producing vertically differentiated durable goods can offer in each period a sequence of price-quality … that cannot commit to future price-quality menus is bounded below by a strictly positive value independent of the discount …

and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We … consider the Markov Perfect Equilibrium (MPE) of a game where the monopolist is unable to commit to future price-quality menus …

' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build …Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers … a model of consumer search with firms' endogenous quality decisions. In this model, lower search costs reallocate demand …