Hj Holm
Vicerektor forskarutbildning, Professor
The Demand for Information Services and the Market Structure
Författare
Summary, in English
Uninformed buyers' demand for statistical screening between privately informed sellers is studied in a fixed price market. A single buyer will screen more extensively than would two or more buyers, since in the latter case buyers realize that sellers will be attracted to buyers with the most favorable screening policy (i.e., not to screen at all). This result is robust to some but not all types of modifications in the model. For instance, information quality differences in the sense of Blackwell will reinforce this effect. Furthermore, in equilibrium only the best information service will be used.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2002
Språk
Engelska
Sidor
155-183
Publikation/Tidskrift/Serie
Journal of Economics
Volym
77
Issue
2
Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Springer
Ämne
- Economics
Nyckelord
- screening
- information service
- market behavior
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1617-7134