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We study the impact of wait time on consumers' purchasing behavior when product quality is unknown to some consumers … quality, and they may still purchase the product, even when the wait time is long. Similarly, short wait times decrease the … wait time …
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One of the reasons why regulators are hesitant about permitting price competition in healthcare markets is that it may damage quality when information is poor. Evidence on whether this fear is well-founded is scarce. We provide evidence using a reform that permitted Dutch health insurers and...
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