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...

Aristotle (384-322 BC) came to Athens to study under Plato (427-347 BC). He remained at Plato's Academy for twenty years. After Plato and Xenophon (434-355 BC), he is regarded as the third leading writer in the Socratic school. This paper is part of a long-term research programme on the ancient...