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 …

strategies of firms, consumer protection and welfare. Our model allows firms to price discriminate between consumers. We show … that intervention may actually decrease social welfare and weaken consumer protection if regulatory efforts are … insufficient to alter the equilibrium strategy of firms. In consequence, regulation may do more harm than good and hence should …

We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers … new equilibrium in which banks discriminate between consumer types. Welfare analysis reveals that education, while … banks respond by setting higher prices. Overall, the welfare effects of consumer education can be negative. Our results …

the structure of markets, competition, and prices and costs of road transportation between urban hubs in Malawi … and control of access to loads by large brokers continue to negatively affect competition and efficiency. …

broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …

processed food products. This paper relies primarily on firm-level interview data to assess competition and bottlenecks in …

further-reaching political calls for regulation. While Google is currently in the focus of the discussion, the next candidate … economic perspective and, consequently, do not warrant regulation or other drastic interventions (like breaking the company up … Amazon and the major publishers in the e-book market require competition policy action. The standard antitrust instruments …

stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in … decreases for firms above the threshold. Hence, legal uncertainty acts as a welfare enhancing screen and increases welfare …