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groups of consumers. For both researchers and practitioners, consumer knowledge is a critical factor in creating competitive … success over time. But there is a gap in the knowledge management literature, which has recognized the importance of the … customer as a source of knowledge, but has not recognized the importance of a group of consumers as well. Scholars, in fact …
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We experimentally investigate, in an unstructured bargaining environment with commonlyknown money payoffs, the Attraction Effect and Compromise Effect (AE and CE) in bargaining,namely a tendency for bargainers to agree to an intermediate option (CE), or to an optionthat dominates another option...
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To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
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