A Search Cost Model of Obfuscation
This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to a population of rational consumers who incur search costs to learn each firm's price. Search...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Rand Corporation
2012
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| Online Access: | http://hdl.handle.net/1721.1/73904 https://orcid.org/0000-0003-3164-0855 |