Informing Consumers about Themselves

Informing Consumers about their own Preferences ∗

We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits also those consumers who remain uninformed, as it reduces the firm’s incentives to extract informatio...

Helping Consumers Know Themselves

In standard models with asymmetric information, the parties involved are assumed to have private information about their own characteristics. In the health insurance market, for example, customers are typically assumed to know more about their health status than insurers do, and if the customers use this information in deciding whether to buy insurance, we have a classic case of adverse selecti...

Expressions That Talk About Themselves

welfare effect of informing consumers about quality of rice in shiraz

generally the biggest group of people diet every grain of rice cereal group is the second largest member in some regions. however, unlike other grains such as rice, white beans and cooked completely consumed, fastidious taste may vary from one region to another. the overall index of consumer tastes more rice grains in appearance, size and shape, manner of cooking, the aroma, the taste of it mea...

Informing consumers about North Carolina's new federally facilitated health insurance marketplace.

This fall, the federal government will operate a new health insurance marketplace in North Carolina. Uninsured individuals will have the opportunity to purchase health insurance, but many of these individuals do not understand health insurance options and will need education and assistance in the selection of an insurance plan. This article describes the various ways in which this assistance wi...