Dertwinkel-Kalt, Markus; Köster, Mats; Peiseler, Florian - 2018
bonus contracts, which builds on a model of attentional focusing. Our main result identifies market conditions under which … bonus contracts should be observed: while a monopolist pays a bonus to consumers, if at all, only for low-value goods, firms … standing in competition always - i.e., independent of the consumers' valuation - offer bonus contracts. Thus, competition does …