Controlling Sellers Who Provide Advice: Regulation and Competition

A monopoly seller advising buyers about which of two goods fits their needs may be tempted to recommend the higher margin good. For the seller to collect information about a buyer’s needs and provide truthful advice, the profits from selling both goods must be similar enough, i.e., within an impleme...

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Bibliographic details
Volume:	68
Main Author:	Bardey, David Gromb, Denis Martimort, David Pouyet, Jérôme
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	HOBOKEN WILEY 01.09.2020 Wiley Subscription Services, Inc Wiley
published in:	The Journal of industrial economics Vol. 68; no. 3; pp. 409 - 444
Data of publication:	September 2020
ISSN:	0022-1821 1467-6451
EISSN:	1467-6451
Discipline:	Economics Business
Bibliography:	We thank Altermind for suggestions and support on this project. This research has benefited from the support of ANR POLICRE (ANR 12‐BSH1‐0009) and a joint initiative by PSL, Université Paris‐Dauphine, ENSAE, MGEN and ISTYA under the aegis of the Fondation du Risque (FDR) and from an Investissements d’Avenir grant (ANR‐11‐IDEX‐0003/Labex Ecodec/ANR‐11‐LABX‐0047). We thank Brigitte Dormont, Yuk‐Fai Fong, Carine Franc, Alessandro Gavazza, Jean‐Marie Lozachmeur, Albert Ma, Marianne Verdier, Annalisa Vinnella, and conference participants to the EARIE (Lisbon 2016) Meeting, the Journée de la Chaire Santé (Paris 2017), the EHEW (Oslo 2017), the LAGV (Aix‐en‐Provence 2017), the Conference on the Economics of Information and Communication Technologies (Paris 2017), and the PET Meeting (Paris 2017) for useful comments. We also thank the Editor and two anonymous referees for extremely useful comments. All remaining errors are ours. La Chaire Santé
Subjects:	Economics Business & Economics Social Sciences Business, Finance Economics and Finance Humanities and Social Sciences CREDENCE GOODS EXPERT AGENCY MARKET PRICE-COMPETITION MODEL INFORMATION ACQUISITION
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index – 2020 Web of Knowledge Web of Science Gale General OneFile (A&I only) Academic OneFile (A&I only) Hyper Article en Ligne (HAL) HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société Database information Databases - DBIS