Kezdi, Gabor; Csorba, Gergely - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2011
This paper proposes a simple method for estimating the lock-in effects of switching costs from firm-level data. We … price changes and identify the lock-in effect of switching costs from the difference between the two. We illustrate our … method by analyzing the Hungarian personal loan market and find strong lock-in effects. …