Dertwinkel-Kalt, Markus; Köster, Mats; Peiseler, Florian - 2018
standing in competition always - i.e., independent of the consumers' valuation - offer bonus contracts. Thus, competition does …In many markets supply contracts include a series of small, regular payments made by consumers and a single, large … bonus contracts, which builds on a model of attentional focusing. Our main result identifies market conditions under which …