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Stiglitz, Joseph E. - 2009

Persistent link: https://www.econbiz.de/10012030422

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 … results of these markets are weakened in this situation. I show that cheaper information does not necessarily benefit the …

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

Handbook of computational economics

Amman, Hans M. (contributor) - 1996

The aim of this volume is to provide an introduction and selective overview of the rapidly emerging field of computational economics. Computational economics provides an important set of tools that an increasing number of economists will need to acquire in order to understand and do...

Persistent link: https://www.econbiz.de/10000602239