Selling Information
Selling Information
复制标题
销售信息
DOI:
10.2139/ssrn.3025136
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发表时间:
2016
期刊:
影响因子:
--
通讯作者:
Weijie Zhong
中科院分区:
文献类型:
--
作者:
Weijie Zhong
I consider the monopolistic pricing of informational good. A buyer's willingness to pay for information is from inferring the unknown payoffs of actions in decision making. A monopolistic seller and the buyer each observes a private signal about the payoffs. The seller's signal is binary and she can commit to sell any statistical experiment of her signal to the buyer. Assuming that buyer's decision problem involves rich actions, I characterize the profit maximizing menu. It contains a continuum of experiments, each containing different amount of information. I also find a complementarity between buyer's private information and information provision: when buyer's private signal is more informative, the optimal menu contains more informative experiments.