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, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791
) transparency or if consumers’ privacy preference differs across countries. Unilateral data regulation by each country addresses the …
Persistent link: https://www.econbiz.de/10012238474
We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily protect cursed consumers from being exploited....
Persistent link: https://www.econbiz.de/10011847547
We quantify the prevalence of undisclosed influencer posts on Twitter across a large set of brands based on a unique data set of over 100 million posts. We develop a novel method to detect undisclosed influencer posts and find that 96% of influencer posts are not disclosed as such. Despite...
Persistent link: https://www.econbiz.de/10014422653
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …
Persistent link: https://www.econbiz.de/10010345239
A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically assuming informed, active consumers on the demand side of the market. However, recent evidence suggests that many consumers have information frictions that lead to suboptimal...
Persistent link: https://www.econbiz.de/10011392504
This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...
Persistent link: https://www.econbiz.de/10009752995
Persistent link: https://www.econbiz.de/10011402670
We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior … levels before the introduction of the regulation. This rich data set allows us to apply a difference-in-difference estimator …
Persistent link: https://www.econbiz.de/10012157233
The recent expansion of digital financial products leads to severe consumer protection issues such as fraud and scams. As these potentially decrease trust in digital services, especially in developing countries, avoiding victimization has become an important policy objective. In an online...
Persistent link: https://www.econbiz.de/10013502717