selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend …

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers … acquire information suboptimally; there is little correlation between the revealed utility gain from improved decision making …

Consumers solve many agency problems, by pointing out when they believe that agents have made mistakes. This paper … considers the role that consumers play in inducing efficient behavior by agents. I distinguish between two case: those where … consumers have similar preferences to the principal, and those where consumer preferences diverge from those of the principal …

and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and …We study the effects of consumer information on equlibrium market prices and observable product quality in the market … observable characteristics of care. To understand the effects of information provision in markets like child care, we examine the …

: whereas some consumers welcome the opportunity to purchase and learn about the new technology, for others the inconvenience …

respect the privacy of consumers. But nonrivalry leads to other consequences that are less obvious. Because of nonrivalry …. Instead, giving the data property rights to consumers can generate allocations that are close to optimal. Consumers balance …

This paper argues that firms have an informational advantage over consumers in selecting arbitrators in consumer …, some arbitrators are systematically more industry friendly than others. Second, firms appear to exploit this information … selected. Third, more experienced firms and less sophisticated consumers select more industry friendly arbitrators. We develop …

years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly … consumers. On balance, our results also seem to support the relevance of theories of occupational licensing that stress the …