Price Transparency and Consumer Naivety in a Competitive Market
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چکیده
منابع مشابه
Price Transparency and Consumer Naivety in a Competitive Market by Luke Garrod ESRC Centre for Competition Policy , University of East Anglia CCP Working Paper 07 - 10
Despite intense price competition firms obfuscate product information when it is relatively costless to reveal, contrary to neoclassical predictions. This paper considers whether firms can profitably conceal (part of) their prices for a homogeneous product when consumers differ in their ability to form expectations of market prices. The model shows that the ability to conceal prices but still a...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1122291