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Add-on pricing in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - 2014
This paper explores consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded add-on prices and firms try to exploit it. Allowing for different information and pricing strategies we show that education is unlikely to push...
Persistent link: https://www.econbiz.de/10010337570
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Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights
Conway, Paul; Nicoletti, Giuseppe - Economics Department, Organisation de Coopération et … - 2006
describes a new set of indicators that measure differences in the regulation of non-manufacturing sectors of OECD countries over … the past three decades. The indicators focus on regulations that affect competitive pressures in areas where competition … indicators and the patterns of product market regulation and regulatory reform that emerge from the analysis. The robustness of …
Persistent link: https://www.econbiz.de/10005045791
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Understanding intra-regional transport: Competition in road transportation between Malawi, Mozambique, South Africa, Zambia, and Zimbabwe
Vilakazi, Thando; Paelo, Anthea - 2017
the structure of markets, competition, and prices and costs of road transportation between urban hubs in Malawi … and control of access to loads by large brokers continue to negatively affect competition and efficiency. …
Persistent link: https://www.econbiz.de/10011654039
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10010282162
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …
Persistent link: https://www.econbiz.de/10009516903
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Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
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Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008-2019
Bátiz-Zuk, Enrique; Sánchez, José Luis Lara - 2021
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures …. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and … supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …
Persistent link: https://www.econbiz.de/10012584137
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Understanding intra-regional transport : competition in road transportation between Malawi, Mozambique, South Africa, Zambia, and Zimbabwe
Vilakazi, Thando; Paelo, Anthea - 2017
the structure of markets, competition, and prices and costs of road transportation between urban hubs in Malawi … and control of access to loads by large brokers continue to negatively affect competition and efficiency. …
Persistent link: https://www.econbiz.de/10011611274
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Moving Towards a More Dynamic Business Sector in Spain
Pandiella, Alberto González - Economics Department, Organisation de Coopération et … - 2014
procedures, internationalisation needs to be fostered, and competition strengthened. In addition, the negative impact of the …
Persistent link: https://www.econbiz.de/10011276814
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009359868