April 20, 2011
Noisy Signaling Monopoly
Posted by D. Daniel Sokol
Leonard J. Mirman and Marc Santugini (IEA, HEC Montréal) address Noisy Signaling Monopoly.
ABSTRACT: We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers, as well as expressions for the effects of noise on output, price, and information flows
April 20, 2011 | Permalink
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