Obfuscation and Rational Inattention
We study the behavior of duopolistic firms that can obfuscate their prices before competing on price. Obfuscation affects the rational inattentive consumers' optimal information strategy, which determines the probabilistic demand. Our model advances related models by allowing consumers to updat...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2704 https://ink.library.smu.edu.sg/context/soe_research/article/3703/viewcontent/Obfuscation_RR_sv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |