Competitive Pricing of Information
Competitive Pricing of Information
This chapter examines competitive pricing of information and how information firms respond to the behavior of decision markers. It analyzes information products that are considered complements or substitutes and describes how firms formulate competitive pricing under these two scenarios. The analysis reveals that the basic properties of information have a significant qualitative impact on how sellers of information compete or avoid competition. This chapter also highlights the difficulty of regulating information markets.
Keywords: information products, competitive pricing, complements, substitutes, competition, information markets
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