A characteristic of many information markets is that consumers can cross-check information, i.e. observe several information sources. To explore this we build a model of market for information where information outlets can only report a coarse signal and face a distribution of consumers with...

This paper studies the effect of competition on analysts' forecast informativeness. I show that the impact of competition on forecast informativeness is ambiguous in general, and identify the necessary and sufficient conditions under which more intense competition can make forecasts less...

We study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. We first show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the latter shapes the elasticity of the demands and thereby the...