Ma, Ching-to Albert; Mak, Henry Y. - In: Journal of Economics & Management Strategy 23 (2014) 2, pp. 443-464
type="main" <p>A monopolist produces a good with two qualities. All consumers have the same valuation of the first quality, but their valuations of the second vary, and are their private information. A public agency can verify qualities, and make credible reports to consumers. In Full Quality...</p>