Signalling, Information and Consumer Fraud
In a two-sided asymmetric information market, the role of the accuracy of consumers’ imperfect and private information on the level of fraud, incidence of fraud and trade under price rigidity is examined. Consumers receive a costless but noisy private signal of quality. The product offered in the ma...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-07-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/11/3/29 |