U.S.-France Cooperative Research: Product Characteristics and Price Advertising with Consumer Search

9815703安德森这个为期三年的奖项，以支持美国-法国经济学合作研究涉及弗吉尼亚大学的西蒙P.安德森和图卢兹大学的雷吉斯雷诺。 他们建议对一个框架（模型）进行研究，以分析企业使用广告向消费者告知产品特性和/或价格信息的动机。这个模型扩展了他们以前的工作，消费者研究和企业定价的差异化产品，消费者有不同的产品先验信息。 这位美国调查员为此次合作带来了消费者选择建模方面的专业知识。 法国在博弈论和信息经济学方面的专门知识对此起到了补充作用。他们的合作将促进对企业提供两种类型的广告（价格和特性）的动机的理解，市场解决方案的福利属性，市场体系引起的偏见，以及可能的纠正机制。

9815703AndersonThis three-year award in support of U.S.-France collaborative research in economics involves Simon P. Anderson of the University of Virginia and Regis Renault at the Universite de Toulouse (Universite des Sciences Sociales). They propose to conduct research on a framework (model) to analyze the incentives for firms to use advertisement for informing the consumer about product characteristics and/or price information. This model extends their previous work on consumer research and firm pricing for differentiated products where consumers have differential prior information on products. The US investigator brings to this collaboration expertise on consumer choice modeling. This is complemented by French expertise in game theory and economics of information. Their collaboration will advance understanding of the incentives for firms to provide two types of advertising (price and characteristics), the welfare properties of the market solution, the biases induced by the market system, and possible corrective mechanisms.