MULTIPERIOD INFORMATION MARKETS

This article examines the single-shot decision problem of a monopolist ic information seller selling a flow of information in a dynamic frame work. In a generalized version of Wang's (1993) economy, it shows that the profit maximizing strategy of the seller is to sell his informati on as is but only to a fraction of traders. It argues that this strate gy of selling information is different from that in a static model mai nly due to the very different nature of constraints faced by the infor mation seller in a dynamic framework.