Optimal Information Structures for the Seller of a Search Good
成果类型：
Article
署名作者：
Barron, Terence; Saharia, A. N.
署名单位：
University of Rochester; University of Washington; University of Washington Seattle
刊物名称：
INFORMATION SYSTEMS RESEARCH
ISSN/ISSBN：
1047-7047
DOI：
10.1287/isre.1.2.188
发表日期：
1990
页码：
188-204
关键词：
摘要：
This paper examines an information system design problem faced by the seller of a search good who sells his product in a competitive market to well-informed consumers. The formulation results in a nonlinear optimization problem having a special structure which can be exploited in solving the first-order conditions. Closed-form solutions and comparative statics results are given in the case of a uniformly-distributed attribute, and we provide a numerical example in the case of a normally-distributed attribute.