I am looking for a paper I've read several years ago, but I cannot find it using google. I think it is quite well known.
It is about prices and their indication about quality. There are informed and uninformed buyers, as the informed buyers know the value of goods, prices tend to reflect the value/quality. Uninformed buyers can take advantage of this by using the price as a signal of quality.
Does anybody know the author/title and year of this paper?
OLIGOPOLISTIC PRICE COMPETITION WITH INFORMED AND UNINFORMED BUYERS
by
Michal Ostatnický
https://www.cerge-ei.cz/pdf/wp/Wp413.pdf
Any good ?
Reputation: The New Palgrave Dictionary Martin Cripps, March 2006 https://discovery.ucl.ac.uk/id/eprint/14446/1/14446.pdf
I Googled using >>"uninformed buyer" game theory<<
Looks like an interesting topic