Consumer search and optimal information.
This article studies an information design problem in a sequential consumer search environment. Consumers, whose valuation of firms' products is uncertain, observe a noisy signal about the valuation upon being matched with a firm. The goal is to characterize those signal structures that maximize con...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 53; no. 2; pp. 386 - 404 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jun2022
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=157232996&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 157232996 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Jun2022 vid: 53 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 157232996 10.1111/1756-2171.12411 ppf: 386 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 388KB tig: atl: Consumer search and optimal information. aug: au: Dogan, Mustafa Hu, Ju affil: MIT Sloan School of Management Peking University su: Information design Statics Valuation Consumers' surplus sug: subj: All Other Professional, Scientific, and Technical Services Information design Statics Valuation Consumers' surplus ab: This article studies an information design problem in a sequential consumer search environment. Consumers, whose valuation of firms' products is uncertain, observe a noisy signal about the valuation upon being matched with a firm. The goal is to characterize those signal structures that maximize consumer surplus. We show that the consumer‐optimal signal structure can be found within the class of conditional unit‐elastic demand signal distributions. A rich set of properties and comparative statics of the consumer‐optimal signal distributions are also derived. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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