Automobile sales platforms have proliferated with the growth of online commerce. Interestingly, these platforms vary widely in their information-sharing policies including what textual and visual information about car features they provide. In this paper, we study novel feature data from...

We study third-degree price discrimination in the presence of uninformed buyers who extract noisy information from observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the consumers. On the one hand, discriminatory pricing...

We study information aggregation in financial markets. We introduce two new stability concepts: absolute stability (sensitivity of rational expectations equilibrium prices to signals (bits) that are lost or garbled), and relative stability (the difference between prices in the rational...

We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure where workers can reveal their productivity at a cost. While rational revelation improves a worker's payout, it imposes a negative externality on others and may trigger further...