monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on … output, market price, information flows, and expected profits. The presence of noise may reduce the informational externality …

We present a diagrammatic and step-by-step analysis of price signaling quality. Because quality is a continuum on the … equilibrium. We first study the behavior of the monopoly when price conveys information about quality. We then show the effect of …

conveys full information about the quality of the good to uninformed buyers. Deceiving the uninformed buyers by charging a … high price and mimicking a high quality is not profitable when the competitive fringe is large enough. Since a higher price … effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …

We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To …

We address the issue of risk aversion in a competitive equilibrium when some buyers engage in learning and information … is conveyed through the price system. Specifically, since the learning process yields uncertainty, we study the effect of …

We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because …

We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because …

We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the … markets, some buyers do not know the quality of the good, but learn about it from observing prices. Under noisy demand, third …

(through discriminatory pricing) is offset by the cost signaling quality through two distinct prices, then it is optimal to … observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the … buyers provides the firm with the incentive to engage in noisy price signaling. Indeed, if the benefit from price flexibility …