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Add-on pricing in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - 2014
This paper explores consequences of consumer education on prices and welfare in retail financial markets when some …
Persistent link: https://www.econbiz.de/10010337570
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Pricing in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - 2016
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 …
Persistent link: https://www.econbiz.de/10012061092
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - 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/10010223577
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Consumer myopia, competition and the incentives to unshroud add-on information
Wenzel, Tobias - 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/10010327638
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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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Choice complexity and market competition
Spiegler, Ran - In: Annual review of economics 8 (2016), pp. 1-25
Persistent link: https://www.econbiz.de/10011743157
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Ownership structures in network industries when the rationality of regulators is bounded
Colombo, Massimo G. - In: Industrial and corporate change 6 (1997) 4, pp. 783-806
Persistent link: https://www.econbiz.de/10001338061
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Information overload in multi-stage selection procedures
Ficco, Stefano; Karamychev, Vladimir A. - 2004
The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...
Persistent link: https://www.econbiz.de/10011335195
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Capacity constraints and beliefs about demand
Vikander, Nick - 2010
This paper examines how a firm can strategically choose its capacity to manipulate consumer beliefs about aggregate demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others want to buy. By imposing a capacity constraint and...
Persistent link: https://www.econbiz.de/10011382750