Martinez-Gorricho, Silvia - In: Games 11 (2020) 3/29, pp. 1-25
on the level of fraud, incidence of fraud and trade under price rigidity is examined. Consumers receive a costless but … equilibria involving fraud exist for all parameter values. Furthermore, for some parameter values, we find that -in equilibrium …- a higher precision of consumers' private information leads to higher levels of fraud and incidence of fraud, reducing …
