We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently ….e. mandatory disclosure, third party disclosure and consumer education may all increase exploitation and decrease welfare. Even …

The theory of voluntary disclosure of information posits that market forces lead senders to disclose information … adverse inferences about non-disclosed information. Previous research finds that receivers do not sufficiently infer non-disclosure … that competition between senders positively affects disclosure of information and receivers' welfare. …

that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …

that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …