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Add-on pricing in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - 2014
This paper explores consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded add-on prices and firms try to exploit it. Allowing for different information and pricing strategies we show that education is unlikely to push...
Persistent link: https://www.econbiz.de/10010337570
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
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...
Persistent link: https://www.econbiz.de/10010282162
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …
Persistent link: https://www.econbiz.de/10009516903
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Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael - 2011
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...
Persistent link: https://www.econbiz.de/10013118774
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Asymmetric neutrality regulation and innovation at the edges : fixed vs. mobile networks
Choi, Jay Pil; Jeon, Doh-Shin; Kim, Byung-Cheol - 2014
We study how net neutrality regulations affect a high-bandwidth content provider's (CP) investment incentives in quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in mobile networks, prioritized delivery services are...
Persistent link: https://www.econbiz.de/10010412363
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Regulating Ride-sourcing Services with Product Differentiation and Congestion Externality
Vignon, Daniel - 2020
This paper proposes a model of the ridesourcing market in presence of traffic congestion and with the provision of both solo and pooling services. Our analysis of the first-best solution shows that, under a highly congested scenario, the ridesourcing platform may enjoy non-negative profits....
Persistent link: https://www.econbiz.de/10012842394
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Embedded Supervision : How to Build Regulation into Blockchain Finance
Auer, Raphael - 2019
The spread of distributed ledger technology (DLT) in finance could help to improve the efficiency and quality of supervision. This paper makes the case for embedded supervision, ie a regulatory framework that provides for compliance in tokenised markets to be automatically monitored by reading...
Persistent link: https://www.econbiz.de/10012861846
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Asymmetric Neutrality Regulation and Innovation at the Edges : Fixed vs. Mobile Networks
Choi, Jay Pil - 2014
We study how net neutrality regulations affect a high-bandwidth content provider's (CP) investment incentives in quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in mobile networks, prioritized delivery services are...
Persistent link: https://www.econbiz.de/10013046060
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How Regulatory Reforms in Sweden have boosted Productivity
Erlandsen, Espen - 2007
The economic crisis in the early 1990s prompted action on reforming the Swedish welfare state and its institutions, including deregulation of a wide range of product markets. In that way, Sweden took early action compared to other OECD countries currently struggling with how to make public...
Persistent link: https://www.econbiz.de/10012444481
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Regulation and Diplomacy in Telecommunications
Haroon, Yousaf - 2005
The very concept of 'domestic regulation' in telecommunications comes from multilateral commitments of international … relations, where regulation in telecom services, directly affect commercial and bilateral relationships of partner countries …. Under WTO commitments Pakistan has opened up its telecom sector under De-Regulation Policy of 2003 and now the privatization …
Persistent link: https://www.econbiz.de/10014027984