This paper considers a dynamic market with a strategic, price setting firm that knows the quality of the product it sells to an infinite set of rational consumers who enter the market sequentially and observe conditionally independent private signals about the quality. In equilibrium, the price...

We consider a dynamic market with two firms that sell competing common-value products. The firms offer both products to an infinite set of rational consumers. Each consumer observes a conditionally independent and identically distributed private signal about the product qualities. Consumers...