Transparency, price-dependent demand and product variety

This paper revisits the relationship between transparency on the consumer side and product variety as analyzed in Schultz (2009). We identify two welfare effects of transparency. More transparency decreases price-cost margins which is beneficial forwelfare. On the other hand, more transparency reduces variety which can be positive or negative for welfare. Overall, more transparency is always welfareimproving.

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Year of publication:	2010
Authors:	Gu, Yiquan ; Wenzel, Tobias
Publisher:	Düsseldorf : Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
Subject:	Produktdifferenzierung \| Marktstruktur \| Information \| Marktmacht \| Wohlfahrtseffekt \| Theorie \| Market Transparency \| Product Variety \| Salop Model

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Series:	DICE Discussion Paper ; 04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-3-86304-003-1
Other identifiers:	637980727 [GVK] hdl:10419/41422 [Handle] RePEc:zbw:dicedp:04 [RePEc]
Classification:	L13 - Oligopoly and Other Imperfect Markets ; L15 - Information and Product Quality; Standardization and Compatibility ; L40 - Antitrust Policy. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010302578