Publications

Detailed Information

Revealing Negative Information in Monopoly and Duopoly Settings: Experimental Analysis

DC Field Value Language
dc.contributor.authorDmitry, Shapiro-
dc.contributor.authorLee, Jaesun-
dc.date.accessioned2024-05-14T07:25:33Z-
dc.date.available2024-05-14T07:25:33Z-
dc.date.created2022-02-04-
dc.date.created2022-02-04-
dc.date.created2022-02-04-
dc.date.created2022-02-04-
dc.date.created2022-02-04-
dc.date.issued2022-01-
dc.identifier.citationThe Korean Economic Review, Vol.38 No.1, pp.167-205-
dc.identifier.issn0254-3737-
dc.identifier.urihttps://hdl.handle.net/10371/202038-
dc.description.abstractWe 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.language영어-
dc.publisher한국경제학회-
dc.titleRevealing Negative Information in Monopoly and Duopoly Settings: Experimental Analysis-
dc.typeArticle-
dc.identifier.doi10.22841/kerdoi.2022.38.1.006-
dc.citation.journaltitleThe Korean Economic Review-
dc.identifier.wosid000744587100006-
dc.identifier.scopusid2-s2.0-85134513612-
dc.citation.endpage205-
dc.citation.number1-
dc.citation.startpage167-
dc.citation.volume38-
dc.identifier.kciidART002796530-
dc.description.isOpenAccessN-
dc.contributor.affiliatedAuthorDmitry, Shapiro-
dc.type.docTypeArticle-
dc.description.journalClass1-
dc.subject.keywordPlusCHEAP-TALK-
dc.subject.keywordPlusQUALITY DISCLOSURE-
dc.subject.keywordPlusADVERSE SELECTION-
dc.subject.keywordPlusCOMPETITION-
dc.subject.keywordPlusREPUTATION-
dc.subject.keywordPlusPRICE-
dc.subject.keywordAuthorNegative Information-
dc.subject.keywordAuthorLemon Market-
dc.subject.keywordAuthorCheap-talk-
dc.subject.keywordAuthorInformation Disclosure-
Appears in Collections:
Files in This Item:
There are no files associated with this item.

Related Researcher

  • College of Social Sciences
  • Department of Economics
Research Area Applied Microeconomic Theory, Behavioral and Experimental Economics, Development Economics

Altmetrics

Item View & Download Count

  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Share