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A firm chooses a price and the product information it discloses to a consumer whose tastes are privately known. We …
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quality information, price information, and horizontal match information. Equilibrium is unique whenever advertising is … information. For a given quality level, as a function of consumer visit costs, first quality information is disclosed, then price … information and then horizontal product information are added to the advertising mix. Some suggestive evidence is provided from …
Persistent link: https://www.econbiz.de/10010733987
Improved consumer information about horizontal aspects of products of similar quality leads to better consumer matching …, though, the higher-quality (and hence larger) firm's price falls with more information, so both effects benefit consumers … imparts more information, therefore helps consumers. Although it also improves the profitability of the small firm, overall …
Persistent link: https://www.econbiz.de/10010734937
and many others, information processing has become a key for surviving and competitive advantage reaching. The relevance … and use of information has not always been considered as a relevant question for strategy making. Indeed, in classical … economy equilibrium model, information is considered as complete and perfect, which implies that companies cannot get an …
Persistent link: https://www.econbiz.de/10010744748
liquidity and return (ex post). The information asymmetry and price support hypotheses are studied in the two first parts of the …
Persistent link: https://www.econbiz.de/10010705794
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The author analyses the reasons behind the appearance of a new type of enterprise - the informational enterprise - and defines its major characteristics. He emphasizes the debureaucratization and deformalization of the organization, the intellectualization of activities and the role of culture...
Persistent link: https://www.econbiz.de/10010706845
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information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are …
Persistent link: https://www.econbiz.de/10010707228
Présente une vue précise et systémique de l'apport des technologies de l'information dans l'entreprise et dans la …
Persistent link: https://www.econbiz.de/10010707374