will not want to disclose match information. If legal, the low-quality firm rival would like to advertise match information … consume the low quality product: this effect can dominate the benefits from improved consumer information and reduce social …Consumer information on products affects competition and profits. We analyze firms' decisions to impart product …

Improved consumer information about (symmetric) products can lead to better matching but also higher prices, so … more information, so both effects benefit consumers. This is when comparative advertising is used, against a large firm by … a small one. Comparative advertising, as it imparts more information, therefore helps consumers. While it also improves …

quality information, price information, and horizontal match information. Equilibrium is unique whenever advertising is … information. For a given quality level, as a function of consumer visit costs, first quality information is disclosed, then price … necessary. The outcome is a separating equilibrium with quality unravelling. Lower quality firms need to provide more …

) industry. I present an empirical discrete-choice model of limited information on the part of consumers, where advertising …

-informative advertisements can affect people’s choices by influencing their perception of product quality. We present a model in which people can … learn about product quality by observing the choices of others. Consumers are, however, not able to fully distinguish … equilibrium the most observed product is always most likely to be of the highest quality. The analysis has important policy …

-informative advertisements can affect people’s choices by influencing their perception of product quality. We present a model in which people can … learn about product quality by observing the choices of others. Consumers are, however, not able to fully distinguish … equilibrium the most observed product is always most likely to be of the highest quality. The analysis has important policy …

that most of the information in the report cards does not reliably measure quality of care, but a subset of seven measures …Since 2009, German nursing homes have been evaluated regularly with quality report cards published online. We argue … does. Using a sample of more than 3,000 nursing homes with information on two waves, we find a significant improvement in …

that most of the information in the report cards does not reliably measure quality of care, but a subset of seven measures …Since 2009, German nursing homes have been evaluated regularly with quality report cards published online. We argue … does. Using a sample of more than 3,000 nursing homes with information on two waves, we find a significant improvement in …

that most of the information in the report cards does not reliably measure quality of care, but a subset of seven measures …Since 2009, German nursing homes have been evaluated regularly with quality report cards published online. We argue … does. Using a sample of more than 3,000 nursing homes with information on two waves, we find a significant improvement in …

highlights the role of information and fairness ideals in determining economic outcomes. …