Janssen, Aljoscha; Kasinger, Johannes - 2021
functions are endogenously determined by the consumers' optimal information strategy, which depends on the firms' obfuscation … choice and the consumers' unrestricted prior beliefs. We show that the game may result in an obfuscation equilibrium with … high prices where both firms obfuscate and a transparency equilibrium with low prices and no obfuscation, providing an …
