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 …

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

strategies of firms, consumer protection and welfare. Our model allows firms to price discriminate between consumers. We show … that intervention may actually decrease social welfare and weaken consumer protection if regulatory efforts are … insufficient to alter the equilibrium strategy of firms. In consequence, regulation may do more harm than good and hence should …

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 …

We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers … new equilibrium in which banks discriminate between consumer types. Welfare analysis reveals that education, while … banks respond by setting higher prices. Overall, the welfare effects of consumer education can be negative. Our results …

We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers … new equilibrium in which banks discriminate between consumer types. Welfare analysis reveals that education, while … banks respond by setting higher prices. Overall, the welfare effects of consumer education can be negative. Our results …

broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …