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Ruhr Economic Papers, RWI >
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http://hdl.handle.net/10419/45347
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| Title: | | The inefficiency of market transparency: a model with endogenous entry  |
| Authors: | | Gu, Yiquan Hehenkamp, Burkhard |
| Issue Date: | | 2010 |
| Series/Report no.: | | Ruhr economic papers 219 |
| Abstract: | | Including the entry decision in a Bertrand model with imperfectly informed consumers, we introduce a trade-off at the level of social welfare. On the one hand, market transparency is benefi cial when the number of firms is exogenously given. On the other, a higher degree of market transparency implies lower profits and hence makes it less attractive to enter the market in the first place. It turns out that the second effect dominates: too much market transparency has a detrimental effect on consumer surplus and on social welfare. |
| Subjects: | | market transparency endogenous entry homogenous products |
| JEL: | | D43 L13 L15 |
| ISBN: | | 978-3-86788-251-4 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des RWI Ruhr Economic Papers, RWI
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