Transparency and product variety

Christian Schultz ()

Economics Letters, 2009, vol. 102, issue 3, 165-168

Abstract: We study long run effects of transparency on the consumer side in a differentiated market. Only some consumers know prices. Increasing transparency reduces the equilibrium price, profit and firm entry. This improves welfare and, in most cases, average consumer utility.

Keywords: Market; transparency; Product; differentiation; Product; variety; Competition; policy (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (15)

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Working Paper: Transparency and Product Variety (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:3:p:165-168

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