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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …
Persistent link: https://www.econbiz.de/10009359868
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Add-on pricing in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - Research Center SAFE (Sustainable Architecture for … - 2014
This paper explores consequences of consumer education on prices and welfare in retail financial markets when some …
Persistent link: https://www.econbiz.de/10010982092
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Moving Towards a More Dynamic Business Sector in Spain
Pandiella, Alberto González - Economics Department, Organisation de Coopération et … - 2014
procedures, internationalisation needs to be fostered, and competition strengthened. In addition, the negative impact of the …
Persistent link: https://www.econbiz.de/10011276814
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Once upon a Time…: A Reflection on the Relationships between Industry and Services - C’era una volta…: una riflessione sui rapporti fra industria e servizi
Rey, Guido M. - In: Economia Internazionale / International Economics 65 (2012) 1, pp. 109-147
Economists pay little attention to the services sector, defined as intangible activities incorporated in utilisation of the good. Italy has a share of services similar to that of its equally developed European partners (around 70% of GDP) but internet services are still not widespread,...
Persistent link: https://www.econbiz.de/10010991499
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Optimal Competition: A Benchmark for Competition Policy
Boone, Jan - C.E.P.R. Discussion Papers - 2003
This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can … competition outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority … puts less weight on producer surplus and more weight on employment. The relation between competition and entry costs is U …
Persistent link: https://www.econbiz.de/10005789187
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Cournot Competition with Stranded Costs.
Antonio, J.; Martin, G. - Centro de Estudios Monetarios y Financieros (CEMFI) - 2001
Recovery of stranded costs is perhaps the most litigious issue encountering regulators in promoting competition in … United States and European utility industries. We build a dynamic model of Cournot competition which takes into account a …
Persistent link: https://www.econbiz.de/10005776172
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Standard Costs: An Overview.
Antonio, J.; Martin, G. - Centro de Estudios Monetarios y Financieros (CEMFI) - 2001
The purpose of this article is to review the major results in the literature regarding stranded costs. Despite the starting differences in the areas of research included in the paper, they have one characteristic in common: all recognize that during the last decades, the treatment of stranded...
Persistent link: https://www.econbiz.de/10005661219
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - Düsseldorf Institute for Competition Economics (DICE), … - 2013
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms. We show that shrouding becomes less prevalent as the...
Persistent link: https://www.econbiz.de/10010956770
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 89-96
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of unshrouding firms. We show that shrouding becomes less prevalent as the...
Persistent link: https://www.econbiz.de/10010743940
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ICT and Household-Firm Relations
Lindbeck, Assar; Wikström, Solveig - Institute for International Economic Studies (IIES), … - 1999
information and competence of households, in combination with stiffer competition among firms, will also increase the power of …
Persistent link: https://www.econbiz.de/10005419662