Product liability and the virtues of asymmetric information
نویسندگان
چکیده
منابع مشابه
Product liability and the virtues of asymmetric information
This paper analyzes a ,two-period setup in which firms differ with respect to costs of care and may use care-taking to signal type to consumers, who are able to observe precaution taken only ex post. Applying the refinement of the intuitive criterion to the concept of the perfect Bayesian equilibrium, we establish a unique separating equilibrium for every share of harm borne by firms. For low l...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 2010
ISSN: 0931-8658
DOI: 10.1007/s00712-010-0123-6