Consumer Welfare Consequences of exchanges of Cost Information
Oliver M. Richard
U.S. Department of Justice - Economic Analysis Group - Antitrust Division
Federal Reserve Bank of New York
Simon School of Business Working Paper No. FR 01-03
We show that exchanges of cost information in models with entry may benefit consumers in a wide range of market structures, including multimarket models with independently distributed costs and duopolies. These results contrast with previous findings in models without entry.
Number of Pages in PDF File: 9
JEL Classification: L11, D82, C15working papers series
Date posted: March 13, 2001
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