Revealing consumer preferences by observing information search
نویسندگان
چکیده
منابع مشابه
Information Exchange and Consumer Search
Many benchmarks in over-the-counter markets, such as LIBOR, are formed based on the submission of banks’ interbank interest rates. Benchmarks are important, as they help consumers to search and provide firms with a basis for price setting. This paper explores firms’ incentives to contribute information about their costs for the purpose of benchmark formation. We show that benchmarks reduce pric...
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ژورنال
عنوان ژورنال: Journal of Choice Modelling
سال: 2008
ISSN: 1755-5345
DOI: 10.1016/s1755-5345(13)70020-4