Monopoly, Product Quality and Information Disclosure

What is the role of information disclosure for a multi-product seller? Westudy the optimal combination of selling mechanism and information disclosurepolicy for a profit-maximizing monopolist with products of distinct qualities.Provided that the buyer has unit demand and multiplicative valuation, we showit is optimal for the seller to set a posted price for each product and reveal theone of highest realized quality. The key insight is that information disclosurecan facilitate surplus extraction when there are decent alternatives, while nodisclosure is optimal with a single product. In both cases, a posted price mechanismis optimal

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Year of publication:	[2021]
Authors:	Shi, Fanqi ; Zhang, Yutong
Publisher:	[S.l.] : SSRN
Subject:	Produktqualität \| Product quality \| Monopol \| Monopoly \| Theorie \| Theory \| Informationsökonomik \| Economics of information \| Informationsverbreitung \| Information dissemination

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