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Private disclosure - is honesty enough?

By David de Meza

Abstract

If disclosure is costless a truthful monopolist selling to identical rational consumers will never withhold socially valuable information. But it preferences differ between individuals and are non-hierarchical, then too little information may be revealed

Topics: HF Commerce
Publisher: Elsevier Science Publishers B.V.
Year: 1984
DOI identifier: 10.1016/0014-2921(84)90108-9
OAI identifier: oai:eprints.lse.ac.uk:35522
Provided by: LSE Research Online
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