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Strategic Interaction and Markets$
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Jean J. Gabszewicz

Print publication date: 2000

Print ISBN-13: 9780198233411

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198233418.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 06 April 2020

Imperfect Information

Imperfect Information

(p.63) 5 Imperfect Information
Strategic Interaction and Markets

Jean J. Gabszewicz

Oxford University Press

Concentrates on the consequences on the market solution of abandoning the perfect information assumption. Though this constitutes a broad topic not yet completely elucidated by theory, we limit ourselves to two illustrations. The first examines the effects of consumers’ imperfect information about prices on the market solution and the second is devoted to the same problem assuming now that consumers are not perfectly informed on the quality of the rival products.

Keywords:   imperfect information, prices, product quality

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