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We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the …
Persistent link: https://www.econbiz.de/10010941047
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10010729770
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10008876408
equilibrium. We first study the behavior of the monopoly when price conveys information about quality. We then show the effect of …
Persistent link: https://www.econbiz.de/10008876409
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10013093809
monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …
Persistent link: https://www.econbiz.de/10013071968
We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To …
Persistent link: https://www.econbiz.de/10011263110
effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …
Persistent link: https://www.econbiz.de/10005489841
We address the issue of risk aversion in a competitive equilibrium when some buyers engage in learning and information … is conveyed through the price system. Specifically, since the learning process yields uncertainty, we study the effect of …
Persistent link: https://www.econbiz.de/10011170399
; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …
Persistent link: https://www.econbiz.de/10014566747