This paper explores consequences of consumer education on prices and welfare in retail financial markets when some …

is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation … inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

econometric exercise we illustrate the potential of regulation as an explanatory variable for competition. …The aim of this paper is to describe product market competition in the Belgian economy for the period 1997]2004 and to … illustrate some causality with market regulation. The analysis is held at the industry level, for selected manufacturing and …

its endeavour. In this respect, an EU competition policy that focuses on consumer welfare is one way to gain support by … the citizens of its member states. The Roaming Regulation that has reduced the mobile communications costs while … increase in consumer welfare (primarily by reducing prices) and that they protect the rights and interests of consumers. In the …

time, the commission cap is still welfare improving--whether combined with a toll or not. This confirms the effectiveness …

The economic crisis in the early 1990s prompted action on reforming the Swedish welfare state and its institutions …