Timing of Public Information and Cost Reduction

Jim Yongtao Jin; M Troge

doi:doi:10.1007/s007120200018

Timing of Public Information and Cost Reduction

Jim Yongtao Jin, M Troge

Research output: Contribution to journal › Article › peer-review

Abstract

The paper analyzes how the timing of demand information influences firms' profits and welfare. We find a conflict between the socially optimal timing and the timing preferred by firms. Firms prefer to receive public information after process innovation, whereas it would be socially optimal to provide them with such information earlier. Provision of public information by governments can alleviate this problem.

Original language	English
Pages (from-to)	227-237
Number of pages	11
Journal	Journal of Economics
Volume	75
Issue number	3
DOIs	https://doi.org/doi:10.1007/s007120200018
Publication status	Published - Apr 2002

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

public information
demand uncertainty
process innovation
OLIGOPOLY
COURNOT
TRANSMISSION
DUOPOLY

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doi:10.1007/s007120200018

Cite this

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title = "Timing of Public Information and Cost Reduction",

abstract = "The paper analyzes how the timing of demand information influences firms' profits and welfare. We find a conflict between the socially optimal timing and the timing preferred by firms. Firms prefer to receive public information after process innovation, whereas it would be socially optimal to provide them with such information earlier. Provision of public information by governments can alleviate this problem.",

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AB - The paper analyzes how the timing of demand information influences firms' profits and welfare. We find a conflict between the socially optimal timing and the timing preferred by firms. Firms prefer to receive public information after process innovation, whereas it would be socially optimal to provide them with such information earlier. Provision of public information by governments can alleviate this problem.

KW - public information

KW - demand uncertainty

KW - process innovation

KW - OLIGOPOLY

KW - COURNOT

KW - TRANSMISSION

KW - DUOPOLY

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U2 - doi:10.1007/s007120200018

DO - doi:10.1007/s007120200018

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JO - Journal of Economics

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ER -

Timing of Public Information and Cost Reduction

Abstract

UN SDGs

Keywords

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