Prof. Xavier Gabaix's research on hidden information in competitive markets is cited
May 15, 2012
Excerpt from The Atlantic -- " ... a colleague recently sent me Xavier Gabaix and David Laibson's QJE paper 'Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets.' The reason the paper is important is that last phrase about 'competitive markets.' It shows how all sorts of stuff we already knew could go on with monopolies can also occur under competition."