Score Disclosure

Mikhail Drugov and ,

No 16707, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study verifiable disclosure by a monopolist when the product has multiple quality attributes. We identify an equilibrium in which the firm discloses a score---the average of the qualities---without revealing any further information. While full unraveling is still an equilibrium, it is dominated by the score equilibrium in terms of ex ante as well as ex post profits. Moreover, it is ``defeated'' by the score equilibrium.

Keywords: Monopoly; Quality uncertainty; Verifiable information disclosure; Multidimensional types (search for similar items in EconPapers)
JEL-codes: D82 D83 L12 L15 (search for similar items in EconPapers)
Date: 2021-11
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP16707 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Score Disclosure (2025)
Working Paper: Score Disclosure (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:16707

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP16707

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().