Martinez-Gorricho, Silvia - In: Games 11 (2020) 3/29, pp. 1-25
In a two-sided asymmetric information market, the role of the accuracy of consumers' imperfect and private information …- a higher precision of consumers' private information leads to higher levels of fraud and incidence of fraud, reducing … consumers' welfare. We provide conditions for the public revelation of consumers' private information to be a Pareto improvement. …