| Document Date: 2013-01-16 08:57:54
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Facility Central European University / / IndustryTerm wasteful and inferior products / profitable inferior products / latter product / banking / bank accounts / the superior product / retail market / bad products / homogenous products / bank revenues / wasteful product / deceptive products / retail-investment / transparent product / homogenous product / inferior product / obfuscation strategies online computer-parts retailers / bank / lower-quality inferior product / nancial products / / Organization Center for Equitable Growth / Federal Communication Commission / Central European University / UC Berkeley / / Person Michael Grajek / Drew Fudenberg / Lal / Nicolas Melissas / Ellison / Paul Heidhues / Michael Grubb / Takeshi Murooka / Antoinette Schoar / / Technology production technologies / /
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Inferior Products and Profitable Deception∗ Paul Heidhues ESMT, CEPR and CESifo Botond K˝oszegi Central European University, UC Berkeley, and CESifo