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mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
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Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two...
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This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a …
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