relation: https://publications.ut-capitole.fr/id/eprint/32644/
title: A model of biased intermediation
creator: Cornière, Alexandre de
creator: Taylor, Greg
subject: B- ECONOMIE ET FINANCE
description: We study situations in which consumers rely on a biased intermediary�s advice  when choosing among sellers. We introduce the notion that sellers� and consumers�  payo?s can be congruent or con?icting, and show that this has important implications  for the e?ects of bias. Under congruence, the ?rm bene?ting from bias has an incentive  to o?er a better deal than its rival and consumers can be better-o? than under no  bias. Under con?ict, the favored ?rm o?ers lower utility and bias harms consumers.  We study various policies for dealing with bias and show that their e?cacy also  depends on whether the payo?s exhibit congruence or con?ict.
publisher: Rand corp
date: 2019
type: Article
type: PeerReviewed
format: text
language: en
identifier: https://publications.ut-capitole.fr/id/eprint/32644/1/wp_tse_753.pdf
identifier:   Cornière, Alexandre de <https://www.idref.fr/167271318> and Taylor, Greg  (2019) A model of biased intermediation.    RAND Journal of Economics, vol. 50 (n° 4).  pp. 854-882.       
relation: http://tse-fr.eu/pub/123219
relation: 10.1080/14735903.2019.1655191
identifier: 10.1080/14735903.2019.1655191
doi: 10.1080/14735903.2019.1655191
language: en