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This paper addresses two central questions in markets with adverse selection: How does information impact the welfare of market participants (sellers and buyers)? Also, what is the optimal information disclosure policy and how is it affected by the planner's relative welfare weight on sellers'...
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expected is the same as the quality that is paid for. However, when the service and price exchange doesn't take place at the …-confirmation theory to theorize the way expected service quality and ex-post consumer satisfaction affect CS and derive a quality …% of the winning bid price ($137)). Also, providers' CS will be inflated if the quality-adjusted measure is not employed …
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dies nicht tut. Anschließend bestätigen wir experimentell, dass unser Mechanismus die Konsumentenrente erhöht. …
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expected is the same as the quality that is paid for. However, when the service and price exchange doesn’t take place at the …-confirmation theory to theorize the way expected service quality and ex-post consumer satisfaction affect CS and derive a quality …% of the winning bid price ($137)). Also, providers’ CS will be inflated if the quality-adjusted measure is not employed …
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