Private disclosure - is honesty enough?
de Meza, D.
(1984).
Private disclosure - is honesty enough?
European Economic Review,
24(3), 203-207.
https://doi.org/10.1016/0014-2921(84)90108-9
(1984).
Private disclosure - is honesty enough?
European Economic Review,
24(3), 203-207.
https://doi.org/10.1016/0014-2921(84)90108-9
If disclosure is costless a truthful monopolist selling to identical rational consumers will never withhold socially valuable information. But it preferences differ between individuals and are non-hierarchical, then too little information may be revealed.