Private information in monopoly with random participation
In a setting with random participation the seller achieves higher expected profits under intermediate private information when the heterogeneity in reservation utilities is not too small or too great.
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- Rochet, Jean-Charles & Stole, Lars A, 2002.
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- Marco Ottaviani, 2000.
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- Tülin Erdem & Michael P. Keane, 1996. "Decision-Making Under Uncertainty: Capturing Dynamic Brand Choice Processes in Turbulent Consumer Goods Markets," Marketing Science, INFORMS, vol. 15(1), pages 1-20.
- Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995. "Automobile Prices in Market Equilibrium," Econometrica, Econometric Society, vol. 63(4), pages 841-90, July.
- Levin, Jonathan, 2001.
"Information and the Market for Lemons,"
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- Saak, Alexander E., 2006. "The value of buyer's ignorance in monopoly," Economics Letters, Elsevier, vol. 90(3), pages 373-377, March.
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