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THE VALUE OF PRIVATE INFORMATION IN MONOPOLY -super-

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  • ALEXANDER E. SAAK

Abstract

We investigate a basic question about a monopoly with incomplete information: when does the seller have an incentive to allow potential buyers to acquire more private information about their tastes for the seller's product? Under plausible conditions such as log-concave density of willingness-to-pay and convex marginal cost, the seller prefers that the paying customers be well informed as a group but be left in the dark regarding their individual tastes. Copyright 2008 The Authors.

Suggested Citation

  • Alexander E. Saak, 2008. "THE VALUE OF PRIVATE INFORMATION IN MONOPOLY -super-," Journal of Industrial Economics, Wiley Blackwell, vol. 56(1), pages 169-189, March.
  • Handle: RePEc:bla:jindec:v:56:y:2008:i:1:p:169-189
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    References listed on IDEAS

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    1. Susan Athey & Jonathan Levin, 1998. "The Value of Information In Monotone Decision Problems," Working papers 98-24, Massachusetts Institute of Technology (MIT), Department of Economics.
    2. Juan-José Ganuza & José S. Penalva, 2005. "On Information and Competition in Private Value Auctions," Working Papers 158, Barcelona Graduate School of Economics.
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    Cited by:

    1. Alexander E. Saak, 2012. "Dynamic Informative Advertising of New Experience Goods," Journal of Industrial Economics, Wiley Blackwell, vol. 60(1), pages 104-135, March.
    2. Alexander E. Saak, 2011. "A Model of Labeling with Horizontal Differentiation and Cost Variability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(4), pages 1131-1150.
    3. Saak, Alexander E., 2016. "Optimal provision of information about consumption choices in the presence of a cognitive constraint," Economics Letters, Elsevier, vol. 145(C), pages 25-28.

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