G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15537
DP15537 Asymmetric Information and Delegated Selling
Maarten Janssen; Santanu Roy
发表日期2020-12-09
出版年2020
语种英语
摘要Asymmetric information about product quality can create incentives for a privately informed manufacturer to sell to uninformed consumers through a retailer and to maintain secrecy of upstream pricing. Delegating retail price setting to an intermediary generates pooling equilibria that avoid signaling distortions associated with direct selling even under reasonable restrictions on beliefs; these beliefs can also prevent double marginalization by the retailer. Expected profit, consumer surplus and social welfare can all be higher with intermediated selling. However, if secrecy of upstream pricing cannot be maintained, selling through a retailer can only lower the expected profit of the manufacturer.
主题Industrial Organization
关键词Asymmetric information Product quality Delegation Intermediary Signaling
URLhttps://cepr.org/publications/dp15537-0
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/544539
推荐引用方式
GB/T 7714
Maarten Janssen,Santanu Roy. DP15537 Asymmetric Information and Delegated Selling. 2020.
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