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- W2788915165 abstract "In many trade environments - such as online markets - buyers fully learn their valuation for goods only after contracting. I characterize the buyer-optimal ex-ante information in such environments. Employing a classical sequential screening framework, I find that buyers prefer to remain partially uninformed, since such an information structure induces the seller to set low prices. For the optimal information signal, trade is efficient, and the seller only extracts the static monopoly profit. Further, I fully characterize all possible surplus divisions that can arise in sequential screening for a given prior." @default.
- W2788915165 created "2018-03-06" @default.
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- W2788915165 date "2017-01-01" @default.
- W2788915165 modified "2023-09-27" @default.
- W2788915165 title "Consumer-Optimal Information Design" @default.
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- W2788915165 doi "https://doi.org/10.5282/ubm/epub.58065" @default.
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