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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...
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We hypothesise and confirm a substantial framing effect in relation to whether people opt for an annuity on retirement …" - than when they were initially conceived of as retirement income. The effect was recorded using both a matching and a choice …
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We adapt the design of five experimental studies on retirement decision-making and conduct reproductions with a larger … subjects collect retirement benefits as lump-sum instead of annuities, they choose to retire later. The duration of retirement …
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