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 …

In this paper we investigate whether sellers treat consumers differently on the basis of how well-informed consumers …. We show that sellers alter their initial price quotes depending on whether consumers appear to be well …

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

different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this …