When experience goods compete, consuming one product can be informative about value for similar untried products. We … between consumers based on purchasing history. Price dynamics, firm profits, and consumer surplus depend on how information … spillovers shape demand from the consumers who have trialed the rival product--the potential switchers. In the first period …

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

mistakes: a conventional subsidy for energy-efficient products and a non-traditional subsidy paying consumers to view …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 …

-purchase behavior. Consumers are found to be forward-looking, but more impatient than would be implied by the real rate of interest …

good first improves and then harms the fortunes of labor, and to cast light on a particular policy to improve market access …