Social learning with differentiated products.

Learning from friends is a key process by which consumers acquire information about available products. This article embeds social learning in a model of firms producing differentiated products. I consider how the structure of social relationships between consumers influences pricing and welfare. In...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 50; no. 1; pp. 226 - 249
Main Author:	Campbell, Arthur
Format:	Article
Published:	Wiley-Blackwell Spring2019
Subjects:	Learning Social learning Consumers Commercial products Pricing
Online Access:	View this record in EBSCOhost