G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10036
DP10036 Competitive Screening under Heterogeneous Information
Renato Gomes; Lucas Maestri; Daniel Garrett
发表日期2014-06-22
出版年2014
语种英语
摘要We study competition in price-quality menus when consumers privately know their valuation for quality (type), and are heterogeneously informed about the offers available in the market. While firms are ex-ante identical, the menus offered in equilibrium are ordered so that more generous menus leave more surplus uniformly over types. More generous menus provide quality more efficiently, serve a larger range of consumers, and generate a greater fraction of profits from sales of low-quality goods. By varying the mass of competing firms, or the level of informational frictions, we span the entire spectrum of competitive intensity, from perfect competition to monopoly.
主题Industrial Organization
关键词Adverse selection Competition Heterogeneous information Price discrimination Screening
URLhttps://cepr.org/publications/dp10036
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538868
推荐引用方式
GB/T 7714
Renato Gomes,Lucas Maestri,Daniel Garrett. DP10036 Competitive Screening under Heterogeneous Information. 2014.
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