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Revealing Negative Information in Monopoly and Duopoly Settings: Experimental Analysis
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dmitry, Shapiro | - |
dc.contributor.author | Lee, Jaesun | - |
dc.date.accessioned | 2024-05-14T07:25:33Z | - |
dc.date.available | 2024-05-14T07:25:33Z | - |
dc.date.created | 2022-02-04 | - |
dc.date.created | 2022-02-04 | - |
dc.date.created | 2022-02-04 | - |
dc.date.created | 2022-02-04 | - |
dc.date.created | 2022-02-04 | - |
dc.date.issued | 2022-01 | - |
dc.identifier.citation | The Korean Economic Review, Vol.38 No.1, pp.167-205 | - |
dc.identifier.issn | 0254-3737 | - |
dc.identifier.uri | https://hdl.handle.net/10371/202038 | - |
dc.description.abstract | We provide an experimental analysis of the setting where a seller, either a monopolist or a duopolist, sells a product with quality that is unobservable to buyers. The seller can send either an honest or dishonest cheap-talk message to buyers about the product quality. We show that low-quality sellers have a positive propensity to communicate their low-quality to buyers. Communicating low-quality results in buyers' higher-propensity to purchase the product and introduces product differentiation in a duopoly. We do not find strong evidence that communicating low-quality information negatively affects sellers' profit: the effect is often insignificant, and in some treatments it becomes significantly positive. Finally, revealing negative information has a strong positive welfare effect in a monopoly, where it raises the likelihood of product purchase; but a weak or negative effect in a duopoly, where it boosts the likelihood of purchasing a socially inefficient low-quality product. | - |
dc.language | 영어 | - |
dc.publisher | 한국경제학회 | - |
dc.title | Revealing Negative Information in Monopoly and Duopoly Settings: Experimental Analysis | - |
dc.type | Article | - |
dc.identifier.doi | 10.22841/kerdoi.2022.38.1.006 | - |
dc.citation.journaltitle | The Korean Economic Review | - |
dc.identifier.wosid | 000744587100006 | - |
dc.identifier.scopusid | 2-s2.0-85134513612 | - |
dc.citation.endpage | 205 | - |
dc.citation.number | 1 | - |
dc.citation.startpage | 167 | - |
dc.citation.volume | 38 | - |
dc.identifier.kciid | ART002796530 | - |
dc.description.isOpenAccess | N | - |
dc.contributor.affiliatedAuthor | Dmitry, Shapiro | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.subject.keywordPlus | CHEAP-TALK | - |
dc.subject.keywordPlus | QUALITY DISCLOSURE | - |
dc.subject.keywordPlus | ADVERSE SELECTION | - |
dc.subject.keywordPlus | COMPETITION | - |
dc.subject.keywordPlus | REPUTATION | - |
dc.subject.keywordPlus | PRICE | - |
dc.subject.keywordAuthor | Negative Information | - |
dc.subject.keywordAuthor | Lemon Market | - |
dc.subject.keywordAuthor | Cheap-talk | - |
dc.subject.keywordAuthor | Information Disclosure | - |
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