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microeconomic theory literature on durable-goods markets, focusing mostly on the last ten years. I then discuss a number of my own …
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By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …
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Research in behavioral economics has uncovered the widespread phenomenon of people making decisions against their own good intentions. In these situations, the government might want to intervene, indeed individuals might want the government to intervene, to induce behavior that is closer to what...
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