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presence of savvy consumers improves the deals available to non-savvy consumers in the market (the case of search externalities …
Persistent link: https://www.econbiz.de/10011004454
This paper summarizes some of my recent work on consumer protection. I present three theoretical models which illustrate the merits and drawbacks of a number of common consumer protection policies, namely: policies which prevent firms from setting unduly high prices; policies which prevent firms...
Persistent link: https://www.econbiz.de/10009369623
consumers improves the deals available to all consumers in the market (the case of search externalities), and when the non …
Persistent link: https://www.econbiz.de/10011166054
options, and there is less incentive to search. We also discuss a behavioral model where the propensity to buy increases when …
Persistent link: https://www.econbiz.de/10011083448