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auto dealers discretion to price loans. The first part of our project leverages details of the contracts between lenders … loan, leading to a form of price discrimination. We then estimate an equilibrium model that allows us to explore the … income. Finally, we explore what happens if dealers have no discretion to price loans. Because of an effect reminiscent of …
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Using two field studies and a laboratory experiment, we test the proposition that participating in a firm-sponsored post-service experience survey can lead customers to make broader inferences than just increasing accessibility of survey responses, and influence their subsequent buying behavior...
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charges. Taking this behavior into account, we estimate an equilibrium model of dealer price setting and lender competition …. We explore counterfactuals where dealers have no discretion to price loans and final rates are set by lenders instead. We …
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