Do firms seek to make the market transparent,or do they confuse the consumers in their product perceptions? We show that the answer to this question depends decisively on preference heterogeneity. Contrary to the well-studied case of homogeneous goods, confusion is not necessarily an equilibrium...

The children’s influence on the parent’s buying behavior as well as on the family budget was neglected in the past. In today’s modern lifestyles, dominated by technological devices and digital media, children are greatly exposed to ads and messages that are fostering their eagerness for...

Research has shown that the Indonesian Family Hope CCT Program aimed at improving children's health and education of poor households, has had significant impacts. Using different data, we assess whether it changed recipients' behaviour along other metrics. Despite checks and constraints on how...

Regulators go to considerable lengths to shape specific product choices — the homes we buy, which college we attend, how we save for retirement. Yet the primary governmental mechanism shaping consumer choice may be our general expectations — our reasons for purchasing a home or higher...

This study combines novel financial-literacy data with measures of attitudes to redistribution from the British Election Study. We find a significant negative relationship between financial literacy and attitudes in favour of government intervention for income redistribution. The effect is...