Consumer information and firm pricing: Negative externalities from improved information

International Economic Review

Volumn 41, Issue 3, 2000, Pages 721-742

  Anderson, Simon P ^a   Renault, Régis ^b  

^a UNIVERSITY OF VIRGINIA   (United States)

^b UNIVERSITÉ DE CAEN   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0347309243     PISSN: 00206598     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-2354.00081     Document Type: Article

References (33)

1. ANDERSON, S. P., A. DE PALMA, AND Y. NESTEROV, "Oligopolistic Equilibrium and Optimal Product Diversity, " Econometrica 63 (1995), 1281-1301.
2. _, _, AND J.-F. THISSE, Discrete Choice Theory of Product Differentiation (Cambridge, MA: MIT Press, 1992).
3. AXELL, B., "Search Market Equilibrium, " Scandinavian Journal of Economics 79 (1977), 20-40.
4. BAGNOLI, M., AND T. BERGSTROM, "Logconcave Probability and its Application, " mimeo, University of Michigan, 1989.
5. BAGWELL, K., AND M. H. RIORDAN, "High and Declining Prices Signal Product Quality, " American Economic Review 81 (1991), 224-39.
6. BÉNABOU, R., "Search, Price Setting, and Inflation, " Review of Economic Studies 55 (1988), 353-76.
7. _, "Inflation and Efficiency in Search Markets, " Review of Economic Studies 59 (1992), 299-329.
8. BORELL, C., "Convex Set Functions in d-Space, " Periodica Mathematica Hungarica 6 (1975), 111-36.
9. BURDETT, K., AND K. L. JUDD, "Equilibrium Price Dispersion, " Econometrica 51 (1983), 955-69.
10. BUTTERS, G. R., "Equilibrium Distributions of Sales and Advertising Prices, " Review of Economic Studies 44 (1977), 465-91.
11. CAPLIN, A., AND B. NALEBUFF, "Aggregation and Imperfect Competition: On the Existence of Equilibrium, " Econometrica 59 (1991), 25-59.
12. CARLSON, J. A., AND R. P. MCAFEE, "Discrete Equilibrium Price Dispersion, " Journal of Political Economy 91 (1983), 480-93.
13. CARLTON, D. W., AND J. M. PERLOFF, Modern Industrial Organization, 2d ed. (New York: Harper Collins, 1994).
14. DIAMOND, P., "A Model of Price Adjustment, " Journal of Economic Theory 3 (1971), 156-68.
15. FISCHER, J., "Product Variety and Consumer Search, " mimeo, Federal Trade Commission, 1993.
16. FUDENBERG, D., AND J. TIROLE, "Perfect Bayesian Equilibrium and Sequential Equilibrium, " Journal of Economic Theory 53 (1991), 236-60.
17. GROSSMAN, G., AND C. SHAPIRO, "Informative Advertising and Differentiated Products, " Review of Economic Studies 51 (1984), 63-81.
18. MEURER, M., AND D. O. STAHL, "Informative Advertising and Product Match, " International Journal of Industrial Organization 12 (1994), 1-19.
19. REINGANUM, J., "A Simple Model of Price Dispersion, " Journal of Political Economy 87 (1979), 851-8.
20. ROB, R., "Equilibrium Price Distribution, " Review of Economic Studies 52 (1985), 457-504.
21. ROBERT, J., AND D. O. STAHL, "Informative Price Advertising in a Sequential Search Model, " Econometrica 61 (1993), 657-86.
22. PERLOFF, J., AND S. SALOP, "Equilibrium with Product Differentiation, " Review of Economic Studies 52 (1985), 107-20.
23. SALOP, S., "Monopolistic Competition with Outside Goods, " Bell Journal of Economics 10 (1979), 141-56.
24. _, AND J. E. STIGLITZ, "Bargains and Ripoffs: A Model of Monopolistically Competitive Prices, " Review of Economic Studies 44 (1977), 493-510.
25. STAHL, D. O., "Oligopolistic Pricing and Sequential Consumer Search, " American Economic Review 79 (1989), 700-12.
26. _, "Oligopolistic Pricing with Heterogeneous Consumer Search, " International Journal of Industrial Organization 14 (1996), 243-68.
27. STEGEMAN, M., "Limit Equilibria of a Bilateral Search Market, " mimeo, University of North Carolina, Chapel Hill, 1989.
28. STIGLITZ, J. E., "Equilibrium in Product Markets with Imperfect Information, " American Economic Review 69 (1979), 339-45.
29. _, "Imperfect Information in the Product Market, " in R. Schmalensee and R. D. Willig, eds., Handbook of Industrial Organization, Vol. 1 (Amsterdam: North Holland: Elsevier, 1989), Chap. 13.
30. TIROLE J., The Theory of Industrial Organization (Cambridge, MA: MIT Press, 1988).
31. WOLINSKY, A., "Prices as Signals of Product Quality, " Review of Economic Studies 50 (1983), 647-58.
32. _, "Product Differentiation with Imperfect Information, " Review of Economic Studies 51 (1984), 53-61.
33. _, "True Monopolistic Competition as a Result of Imperfect Information, " Quarterly Journal of Economics 101 (1986), 493-511.