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skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …
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and objective measures related to the level of consumer awareness and action in a fast -growing competition, potentiated … is indirectly influenced by the high competition in the digital economy, by means of consumer protection awareness and … consumer protection behavior. At this level, the analyzed factors, namely the competition in the digital economy, the consumer …
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Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
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is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …
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