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 …

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 …

; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …

structure. From situations where standard competition may be possible, they shift the market towards monopoly, betting on their …

In a monopoly setting where consumers cannot observe the quality of the product we show that free samples which are of … a lower quality than the marketed digital goods are used together with high prices as signals for a superior quality if … the number of informed consumers is small and if the difference between the high and the low quality is not too small …

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 …

We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …

to the next period with the hope of learning the unknown quality. We analyze the monopolist's pricing and "waiting …When a durable good of uncertain quality is introduced to the market, some consumers strategically delay their buying … equilibria. We also find two types of separating equi- libria: one where high type signals its quality by choosing a different …

to the next period with the hope of learning the unknown quality. We analyze the monopolist's pricing strategies when …When a durable good of uncertain quality is introduced to the market, some consumers strategically delay their buying …. We also find two types of separating equilibria: one where high type signals its quality by choosing a different price …