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Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International Review of Economics & Finance 29 (2014) C, pp. 504-511

We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...

Persistent link: https://www.econbiz.de/10010729770

Noisy signaling in monopoly

Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International review of economics & finance : IREF 29 (2014), pp. 504-511

Persistent link: https://www.econbiz.de/10010432305

Investment in a monopoly with Bayesian learning

Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011

Persistent link: https://www.econbiz.de/10009155827

The simple diagrammatics of price signaling quality

Mirman, Leonard J.; Santugini, Marc - 2011

Persistent link: https://www.econbiz.de/10009155842

Investment in a Monopoly With Bayesian Learning

Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011

We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …

Persistent link: https://www.econbiz.de/10014068523