Transparency and product variety

被引:14
作者
Schultz, Christian [1 ]
机构
[1] Univ Copenhagen, Dept Econ, DK-1455 Copenhagen K, Denmark
关键词
Market transparency; Product differentiation; Product variety; Competition policy; MONOPOLISTIC COMPETITION; DIFFERENTIATED PRODUCTS; CONSUMER SEARCH; PRICES; COORDINATION; INFORMATION; OLIGOPOLY; QUALITY; SALES; ENTRY;
D O I
10.1016/j.econlet.2008.12.008
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码:165 / 168
页数:4
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