performance of the new product is publicly observable. As agents learn from the experiments of others, informational externalities … informational externalities among the buyers and the strategic pricing by the sellers results in excessive experimentation. If the …

as add-ons which generate informational externalities. The quality of the recommendation add-on is endogenously …

We consider demand function competition with a finite number of agents and private information. We analyze how the … structures, hence we can provide sharp and robust bounds on some but not all equilibrium statistics.We then compare demand …

We analyze demand function competition with a finite number of agents and private information. We show that the nature … can arise in equilibrium under any information structure. In demand function competition, the agents condition their … demand on the endogenous information contained in the price.We compare the set of feasible outcomes under demand function to …

We analyze demand function competition with a finite number of agents and private information. We show that the nature … can arise in equilibrium under any information structure. In demand function competition, the agents condition their … demand on the endogenous information contained in the price.We compare the set of feasible outcomes under demand function to …