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dissuade entry tomorrow, and that her product has a high quality in order to attract consumers in the current period. The …
Persistent link: https://www.econbiz.de/10005671522
This paper finds an optimal mechanism for selling an indivisible good to consumers who may be budget-constrained. Unlike the case where buyers are not budget constrained, a single posted price is not typically optimal. An optimal mechanism generally consists of a continuum of lotteries indexed...
Persistent link: https://www.econbiz.de/10005200406
This paper considers a long-term relationship between a firm and a privately informed trading partner, say a buyer, when both parties bargain over a price in each period and when a toakeover may take place.
Persistent link: https://www.econbiz.de/10005618887
We build a model where the occupational choice of programmers determines the quality of programs in the consumer market …
Persistent link: https://www.econbiz.de/10005775848
Information technology has altered the way companies manage their supply chains, and has resulted in a variety of new … sharing information that was previously accessible to only one of them; this situation is typical in retailer … that the information shared has on the contracting parties. …
Persistent link: https://www.econbiz.de/10005779802
We examine some of the factors that might influence the quality of information produced in discussion groups on the … finding is that the flow of quality-weighted information within the group is maximized by a regime which front loads the cost … of good quality information, however, benefiting society at large, then the social value of the flow of quality …
Persistent link: https://www.econbiz.de/10004977899
tying a product of established quality to one of unknown quality may mitigate the problem of asymetric information … encountered in the latter market. Leveraging reputation in one market to provide information about product quality in a second …
Persistent link: https://www.econbiz.de/10005162754
This paper shows that a monopolistic certifying party can have incentives to disclose revealing information about the … estimates of the quality level of the agent being certified (seller), a disclosure in the form of ordered ranking of levels is … amount of information (with no informational value) about the party being certified, in order to extract all informational …
Persistent link: https://www.econbiz.de/10005047928
technologies according to their impact on the information rent. In a two-type adverse selection model three kinds of investments …
Persistent link: https://www.econbiz.de/10005675255
ayant acces a a meme information que toutes les autres. Cette consideration vient du fait que l'on considere egalement que l'information … entreprises, en ayant la meme information, ont adopte des demarches differentes; ou si le degre d'information lui-eme serait le …
Persistent link: https://www.econbiz.de/10005486651