In a search market with savvy and inexperienced consumers, firms conceal values just below a reservation point, and in large markets they conceal all low values so that inexperienced consumers stop after a single visit.
Title resolution pending
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.TH 1years
2025 1verdicts
CONDITIONAL 1representative citing papers
citing papers explorer
-
Limits of Disclosure in Search Markets
In a search market with savvy and inexperienced consumers, firms conceal values just below a reservation point, and in large markets they conceal all low values so that inexperienced consumers stop after a single visit.