Showing 1 - 10 of 509
years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly … consumers. On balance, our results also seem to support the relevance of theories of occupational licensing that stress the …
Persistent link: https://www.econbiz.de/10012775475
informational advantage over consumers in selecting arbitrators, resulting in industry-friendly arbitration outcomes. We then … arbitrators without the input of firms and consumers would increase consumer awards by $40,000 on average, relative to the current … mechanism for the benefit of consumers hinges on whether consumers are informed. Policies such as increasing arbitrator …
Persistent link: https://www.econbiz.de/10012909516
-functioning marketplace, suggest that prospect theory adequately organizes behavior among inexperienced consumers, whereas consumers with …
Persistent link: https://www.econbiz.de/10013216838
In this paper, we exploit new sources of cross-sectional data to estimate a detailed product-level demand system for new passenger vehicles. We use four data sources: on the characteristics of products, on the attributes of the U.S. population of households, on the match between the first and...
Persistent link: https://www.econbiz.de/10013239351
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 …
Persistent link: https://www.econbiz.de/10013249541
and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and …
Persistent link: https://www.econbiz.de/10013210657
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 …
Persistent link: https://www.econbiz.de/10013080287
respect the privacy of consumers. But nonrivalry leads to other consequences that are less obvious. Because of nonrivalry …. Instead, giving the data property rights to consumers can generate allocations that are close to optimal. Consumers balance …
Persistent link: https://www.econbiz.de/10012862856
: whereas some consumers welcome the opportunity to purchase and learn about the new technology, for others the inconvenience …
Persistent link: https://www.econbiz.de/10012864471
based on whether search is all-or-nothing or sequential in nature, whether learning takes place, and whether consumers …
Persistent link: https://www.econbiz.de/10013109854