Work

The Value of Public Information in Monopoly

Year: 2001

Type: article

Abstract: The logic of the linkage principle of Milgrom and Weber (1982) extends to price discrimination. A non-linear pricing monopolist who sells to a single buyer always prefers to commit to publicly reveal information affiliated to the valuation of the buyer. This is also valid when the value of the buyer affects the opportunity cost of the seller.

Source: Econometrica

DOI: 10.1111/1468-0262.00262

Authors: Marco Ottaviani, Andrea Prat

Language: English

Topic: Auction Theory and Applications

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1550529298

FWCI: 5.118

Cites: 16

Cited by: 104

Related to: 10