Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
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Bayesian consumers infer that hidden add-on prices (e.g. the cost of ink for a printer) are likely to be high prices. If consumers are Bayesian, firms will not shroud information in equilibrium. However, shrouding may occur in an economy with some myopic (or unaware) consumers. Such shrouding
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美国国家经济研究局创建时间:
2005-11-01



