Score Disclosure

• 成果类型: Article
• 署名作者: Celik, Levent; Drugov, Mikhail
• 署名单位: University of Leicester; New Economic School; Autonomous University of Barcelona; Barcelona School of Economics; Centre for Economic Policy Research - UK
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueae089
• 发表日期: 2024
• 页码: 519-537
• 关键词: information; persuasion; search; price; news

摘要

We study verifiable disclosure by a seller when the product has multiple quality attributes. We identify an equilibrium in which, for some qualities, the seller discloses its score -the average of the qualities-and does not reveal anything else. This occurs when its score is sufficiently high or when the qualities are sufficiently similar and the score is not too low. Otherwise, the seller fully discloses. While full unravelling is still an equilibrium, it is dominated by this partial score disclosure equilibrium in terms of ex ante as well as ex post profits.