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We analyze the effects of consumers' limited attention on welfare in a model of horizontal product differentiation. We … present a novel approach of modeling limited attention: an attention radius. Each consumer only notices goods that are within … her attention radius, i.e., goods that are sufficiently similar to her preferred version of the good. Limited attention …
Persistent link: https://www.econbiz.de/10012099133
An astonishing 33 % of all export spells in Danish data turn out to be isolated single-month one-off export transactions. On average, for an export-active firm, one-off events generate 17 % of foreign sales. These patterns do not sit well with available trade models. To reconcile theory with the...
Persistent link: https://www.econbiz.de/10011712621
after a surprise, but actively acquire new information. We also show that attention to the Fed matters: a high number of …
Persistent link: https://www.econbiz.de/10012287833
Post-purchase consumer regret includes outcome regret and process regret. The aim of present study was to examine relationships between consumer regret, as indexed by the Post-Purchase Consumer Regret Scale (PPCR scale), attentional, motor and non-planning impulsivity, as measured by the Barratt...
Persistent link: https://www.econbiz.de/10012141533
Switching costs increase the rigidity of consumers demand and lessen competition between firms, effects that are particularly relevant in the mobile voice services market. This paper characterizes the most important mobility restrictive factors for consumers in this market, presenting specific...
Persistent link: https://www.econbiz.de/10010304281
Consumer satisfaction is a key determinant of customer retention, profitability of operators, consumer welfare and a strategic variable for competition and international comparisons. Spain's mobile customer satisfaction is the lowest in the European Union according to recent EU studies (SMREC,...
Persistent link: https://www.econbiz.de/10010327726
We analyze how customers with limited attention value and choose among health plans. We show how the model can …
Persistent link: https://www.econbiz.de/10010329593
This research note empirically investigates whether cash can prevent consumers from making needless purchases in unexpected shopping situations. Cash can have a disciplinary effect on short-term consumption because it imposes a strong temporary budget constraint and also reinforces the pain of...
Persistent link: https://www.econbiz.de/10011687789
Persistent link: https://www.econbiz.de/10013359263
Persistent link: https://www.econbiz.de/10014363697