Ignorance is bliss? Uncertainty about product valuation may benefit consumers

Tarcisio da Graça and Robert Masson

Applied Economics Letters, 2013, vol. 20, issue 9, 897-902

Abstract: Product information which is beneficial for an individual consumer may hurt if disseminated widely. Even with rational expectations, a fallacy of composition may occur if information leads to demand and price increases.

Date: 2013
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DOI: 10.1080/13504851.2012.761333

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