Reviews , Prices and Endogenous Information Transmission

@inproceedings{Nicollier2012ReviewsP,
  title={Reviews , Prices and Endogenous Information Transmission},
  author={Luciana A. Nicollier},
  year={2012}
}
  • Luciana A. Nicollier
  • Published 2012
Empirical evidence suggests that online reviews are an important source of consumers information and a relevant determinant of the firms revenues. Little is known, however, about how prices and reviews affect each other. This paper proposes a dynamic game to investigate this relationship. A long-lived monopoly faces a sequence of short-lived consumers whose… CONTINUE READING