Welfare analysis with uncertain market segment proportions  

作　　者：Yijun Wang Shiting Ren Xuan Zhou Junqing Kang 

机构地区：[1]College of Finance,Henan University of Economics and Law,Zhengzhou,450016,China [2]Finance Department,Lingnan College,Sun Yat-sen University.Guangzhou,510275,China [3]National Academy of Economic Security,Beijing Jiaotong University,Beijing,100044,China [4]Beijing Laboratory of National Economic Security Early-warning Engineering,Beijing Jiaotong University,Beijing,100044,China

出　　处：《Journal of Management Science and Engineering》2024年第4期535-552,共18页管理科学学报(英文版)

基　　金：supported by Fundamental Research Funds for the Central Uni versities[2023JBW8001];the National Natural Science Foundation of China[grant numbers 72201286,72072042];Humanities and Social Science Fund of Ministry of Education of China[23YJC910008].

摘　　要：This study theoretically explores the impact of market segmentation uncertainty on pro-ducers'production decisions and their subsequent effects on producers'profits,consumer surplus,and social welfare.This uncertainty creates a mismatch between the producer's supply and consumer demand,while also decreasing the producer's market power.An uncertain market segment incentivizes the producer to pursue higher-quality information,which generates conflicts between the producer and consumers when the producer faces capital constraints.Conversely,when the producer has no capital constraints,the interests of both parties align and obtaining higher-quality information improves consumer welfare outcomes.

关 键 词：WELFARE UNCERTAINTY Market segments Capital constraint Misallocation 

分 类 号：F42[经济管理—产业经济]