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thinking may be important. Our results suggest that information-processing heuristics may be important even in markets with …

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Schedule selection by agents : from price plans to tax tables

Luttmer, Erzo F. P.; Zeckhauser, Richard - 2008

"Requiring agents with private information to select from a menu of incentive schedules can yield efficiency gains. It will do so if, and only if, agents will receive further private information after selecting the incentive schedule but before taking the action that determines where on the...