Article ID Journal Published Year Pages File Type
5061797 Economics Letters 2009 4 Pages PDF
Abstract

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.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Transparency and product variety
Authors
,