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How do price commitments impact the amount of information firms acquire about potential customers? We examine this question in the context of a competitive market. Contracts are incomplete because the amount of information firms acquire about applicants during the screening process cannot be...
Persistent link: https://www.econbiz.de/10013038110
Motivated by the unprecedented availability of consumer information on the Internet, we characterize the winners and losers from potential privacy regulation in the context of four commonly-used oligopoly models: a linear city model, a circular city model, a vertical differentiation model, and a...
Persistent link: https://www.econbiz.de/10010786471
Personal privacy is studied in the context of a competitive product (or labor) market. In the first stage of the game, firms that sell homogeneous goods or services (e.g., insurance, credit, or rental housing) post prices they promise to charge approved applicants. In the second stage, each...
Persistent link: https://www.econbiz.de/10014078120