MANIPULATIVE CONSUMERS
- 👤 Speaker: Nikita Roketskiy, Assistant Professor, University College London
- 📅 Date & Time: Wednesday 26 October 2022, 15:00 - 16:00
- 📍 Venue: W2.02, Cambridge Judge Business School
Abstract
We study optimal monopoly pricing with evasive consumers. The seller uses consumer data to finetune pricing. However, such third degree price discrimination encourages data-conscious consumers to manipulate their observable attributes (at a cost). This reduces the effectiveness of information, sometimes rendering it useless. For several settings, we derive the monopolist’s optimal investigation strategy, and find that less is more.
Series This talk is part of the Economics & Policy Seminars, CJBS series.
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Nikita Roketskiy, Assistant Professor, University College London
Wednesday 26 October 2022, 15:00-16:00