G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17165
DP17165 Demand in the Dark
jakub steiner; Colin Stewart; Pavel Kocourek
发表日期2022-03-31
出版年2022
语种英语
摘要A growing body of evidence suggests that consumers are not fully informed about prices, contrary to a critical assumption of classical consumer theory. We analyze a model in which consumer types can vary in both their preferences and their information about prices. Given data on demand and the distribution of prices, we identify the set of possible values of the consumer surplus. Each surplus in this set can be rationalized with simple information structures and preferences. We also show how to narrow down the set of values using richer datasets and provide bounds on counterfactual demands at perfectly observed prices.
主题Industrial Organization
关键词Consumer surplus Price uncertainty Information design
URLhttps://cepr.org/publications/dp17165
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/546156
推荐引用方式
GB/T 7714
jakub steiner,Colin Stewart,Pavel Kocourek. DP17165 Demand in the Dark. 2022.
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