The superiority of biased reviewers in a model of simultaneous sales
This paper considers the impact of reviewers on sales of products of quality unknown to consumers. Sales occur simultaneously after consideration by a reviewer with a known level of bias. Consumers observe the reviewer's decision and a private signal. We find that: (a) with flexible prices and...
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| Formato: | Working paper |
| Publicado: |
University of Oxford
2004
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