Hausken, Kjell - In: International Journal of Economics and Business Research 3 (2011) 4, pp. 407-442
distortive advertising. Buyers read advertising, screen for quality of each good, choose prices optimally and provide a numeraire … of buyers determines the total presence of the numeraire good. An advertising attention function adjusts how buyers pay … price effect which is adjusted for. Search costs for choosiness are introduced for buyers screening for quality, which …