Whether consumers are aware of potentially adverse product effects is key to private and social incentives to disclose information about undesirable product characteristics. In a monopoly model with a mix of aware and unaware consumers, a larger share of unaware consumers makes information...

We study a game in which two competing sellers supplying experience goods of different quality can induce a perspective buyer into a bad purchase through (costly) deceptive advertising. We characterize the equilibrium set of the game and argue that an important class of these outcomes features...

Das Wuppertal Institut für Klima, Umwelt, Energie schlägt in Kooperation mit dem Freiburger Büro Ö-quadrat ein konkretes Verfahren vor, um Stromanbieter und ihre Unternehmensentwicklung anhand ökologischer, ökonomischer, sozialer und kultureller Kriterien einer nachhaltigen Entwicklung zu...

Consumers have increasing demands for product standards. This has important implications for development. This paper develops a firmal theory of the process of the introduction of high product standards in developing countries. The model endogenizes the introduction of high standards. Initial...