Partial shrouding in asymmetric markets

Tobias Wenzel

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


This paper studies shrouding of add-on information in a market where firms differ in add-on production costs. We show that partial shrouding equilibria, characterised by a selection result, exist: Firms with high (low) add-on costs shroud (unshroud). Unshrouding firms charge lower base-good prices than shrouding firms.
Original languageEnglish
Pages (from-to)223-226
JournalEconomics Letters
Publication statusPublished - 1 Nov 2015


  • Add-on pricing
  • Shrouding
  • bounded rationality

Fingerprint Dive into the research topics of 'Partial shrouding in asymmetric markets'. Together they form a unique fingerprint.

Cite this