Expected consumer's surplus rarely represents preferences over price lotteries. Still, I give sufficient conditions for policies which maximize aggregate expected surplus to be interim Pareto Optimal. Besides two standard partial equilibrium conditions, I assume that feasible prices satisfy a...

An incumbent monopolist is uncertain about its linear demand, but can acquire information at a cost. We determine how an entry threat affects the firm's information acquisition. This effect depends on what the entrant observes about the incumbent's information choice. We consider all four...