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is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation … 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/10009516903
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/10013118774
broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …
Persistent link: https://www.econbiz.de/10012914903
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
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures …. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and … supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …
Persistent link: https://www.econbiz.de/10012584137
econometric exercise we illustrate the potential of regulation as an explanatory variable for competition. …The aim of this paper is to describe product market competition in the Belgian economy for the period 1997]2004 and to … illustrate some causality with market regulation. The analysis is held at the industry level, for selected manufacturing and …
Persistent link: https://www.econbiz.de/10008565897
its endeavour. In this respect, an EU competition policy that focuses on consumer welfare is one way to gain support by … the citizens of its member states. The Roaming Regulation that has reduced the mobile communications costs while … increase in consumer welfare (primarily by reducing prices) and that they protect the rights and interests of consumers. In the …
Persistent link: https://www.econbiz.de/10011796653
credible commitments on the state executive. In contrast, we find support for those who conceptualize political competition as … promises of public goods, including efficient markets and effective and fair regulation …
Persistent link: https://www.econbiz.de/10013140169
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures …. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and … supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …
Persistent link: https://www.econbiz.de/10014236496
costs and the intensity of competition. Our policy analysis demonstrates the perverse effects government imposed fairness …
Persistent link: https://www.econbiz.de/10014135548