Under multinomial logit demand with seller-set prices, the revenue-maximizing display rule is to show only the top-quality products, while the welfare-maximizing rule is to show all products; Cournot competition also yields top-quality rules.
Aksoy-Pierson, G
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Optimal Search Segmentation Mechanisms for Online Platform Markets
Under multinomial logit demand with seller-set prices, the revenue-maximizing display rule is to show only the top-quality products, while the welfare-maximizing rule is to show all products; Cournot competition also yields top-quality rules.