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We consider an exchange economy with time-inconsistent consumers whose preferences are additively separable. When these consumers trade in a sequence of markets, their time-inconsistency may introduce a non-convexity that gives them an incentive to trade lotteries. If there are many consumers,...
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attention so far. In this paper, we first develop a theoretical framework to explain retailers' compliance with the Directive …. The framework comprises instrumental motives for compliance like perceived costs and benefits of compliance as well as …,400 retail stores in 27 European countries. Two sets of data were collected in each store: a compliance audit and a standardized …
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