Transparency, price-dependent demand and product variety

Yiquan Gu, Tobias Wenzel

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This paper revisits the relationship between transparency on the consumer side and product variety. We show that due to lower price-cost margins more transparency is welfare-improving. This result is achieved even though product variety may be reduced.

Original languageEnglish
Pages (from-to)216-219
Number of pages4
JournalEconomics Letters
Volume110
Issue number3
DOIs
Publication statusPublished - 2011

Keywords

  • Market transparency
  • Product variety
  • Salop model

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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