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Monopoly and competition policy

Scherer, Frederic M. (contributor) - 1993

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Quality uncertainty with imperfect information acquisition

Gertz, Christopher - 2013 - This version: September 17, 2013

I analyze a monopolistic model of quality uncertainty but with the possibility of information acquisition on the consumer side. Information is costly and its amount is chosen by the consumer. The analysis of Bayesian equilibria shows the possibility of three equilibrium classes, only one of...

Persistent link: https://www.econbiz.de/10009793534