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When does a firm disclose product information?

Author

Listed:
  • Frédéric Koessler
  • Régis Renault

Abstract

A firm chooses a price and the product information it discloses to a consumer whose tastes are privately known. We provide a necessary and sufficient condition on the match function for full disclosure to be the unique equilibrium outcome whatever the costs and prior beliefs about product and consumer types. It allows for products with different qualities as well as some horizontal match heterogeneity. With independently distributed product and consumer types, full disclosure is always an equilibrium and a necessary and sufficient equilibrium condition is that all firm types earn at least the full-disclosure profit.
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Suggested Citation

  • Frédéric Koessler & Régis Renault, 2012. "When does a firm disclose product information?," RAND Journal of Economics, RAND Corporation, vol. 43(4), pages 630-649, December.
  • Handle: RePEc:bla:randje:v:43:y:2012:i:4:p:630-649
    DOI: 1756-2171.12002
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    File URL: http://hdl.handle.net/10.1111/1756-2171.12002
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    Cited by:

    1. Konrad Stahl & Roland Strausz, 2017. "Certification and Market Transparency," Review of Economic Studies, Oxford University Press, vol. 84(4), pages 1842-1868.
    2. Levent Celik, 2014. "Information Unraveling Revisited: Disclosure of Horizontal Attributes," Journal of Industrial Economics, Wiley Blackwell, vol. 62(1), pages 113-136, March.
    3. Celik, Levent, 2016. "Competitive provision of tune-ins under common private information," International Journal of Industrial Organization, Elsevier, vol. 44(C), pages 113-122.
    4. Hagenbach, Jeanne & Koessler, Frédéric, 2016. "Full disclosure in decentralized organizations," Economics Letters, Elsevier, vol. 139(C), pages 5-7.
    5. repec:bla:jindec:v:64:y:2016:i:4:p:589-620 is not listed on IDEAS
    6. Jeanne Hagenbach & Frédéric Koessler & Eduardo Perez‐Richet, 2014. "Certifiable Pre‐Play Communication: Full Disclosure," Econometrica, Econometric Society, vol. 82(3), pages 1093-1131, May.
    7. repec:eee:indorg:v:56:y:2018:i:c:p:49-77 is not listed on IDEAS
    8. Burkhard Schipper & Hee Yeul Woo, 2014. "Political Awareness, Microtargeting of Voters, and Negative Electoral Campaigning," Working Papers 148, University of California, Davis, Department of Economics.
    9. Baumann, Stuart, 2017. "Comparative Advertising: The role of prices," MPRA Paper 79872, University Library of Munich, Germany.
    10. Koessler, Frédéric & Skreta, Vasiliki, 2016. "Informed seller with taste heterogeneity," Journal of Economic Theory, Elsevier, vol. 165(C), pages 456-471.
    11. Archishman Chakraborty & Rick Harbaugh, 2012. "Persuasive Puffery," Working Papers 2012-05, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    12. repec:kap:pubcho:v:172:y:2017:i:3:d:10.1007_s11127-017-0459-3 is not listed on IDEAS

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