Transparency and product variety:
Research output: Contribution to journal › Journal article › Research › peer-review
We study long run effects of transparency on the consumer side in a differentiated market. Only some consumers know prices. Increasing transparency reduces the equilibrium price, profit and firm entry. This improves welfare and, in most cases, average consumer utility.
Original language | English |
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Journal | Economics Letters |
Volume | 102 |
Issue number | 3 |
Pages (from-to) | 165-168 |
Number of pages | 4 |
ISSN | 0165-1765 |
DOIs | |
Publication status | Published - 2009 |
ID: 13367360