We study markets for sensitive personal information. An agent wants to communicate with another party but any revealed information can be intercepted and sold to a third party whose reaction harms the agent. The market for information induces an adverse sorting effect, allocating the information...

This paper analyzes how fake news may have an effect on individual decisionmaking in the political sphere. To this end, arguments from the standard model of voter behaviour with full rationality are discussed as well as arguments from Behavioural Political Economy, which incorporates systematic...

Spanish Abstract: No obstante la estrecha relación que existe entre la economía, la biología y la psicología desde finales del siglo XIX, –las principales categorías económicas tienen claras connotaciones psicológicas– la llamada “corriente principal” en economía no se ha...

If a firm misleads consumers about the value of its product, does it matter if some consumers are more influenced by the deception than others? We show with a simple model that the answer is a resounding yes. Harm increases unambiguously due to an increase in the heterogeneity of deception, and...

Findings concerning the circumstances when financial literacy training is effective seem inconsistent. This chapter aims to bring order to this vexing situation. Its central thesis is that people's aptitude to deploy their financial literacy relies on their ability to use cognitive and mental...

How do consumers hold sellers accountable and enforce market norms? This Article contributes to our understanding of consumer markets in three ways. First, The Article identifies the role of a small subset of consumers — the titular ‘nudniks' — as engines of market discipline. Nudniks are...

Disclaimers are widely used by firms to warn customers of dangers and limitations of their products, and are persuasive when the issue is important. We examine the effects of mandatory disclaimers. Speech restrictions conflict with basic economic incentives. Sellers are motivated by profit to...

The Federal Trade Commission’s recent complaint targets the Intel Corporation for antitrust scrutiny under Section 5 of the Federal Trade Commission Act and Section 2 of the Sherman Act. The Commission alleges that, through the use of loyalty discounts offered to microprocessor purchasers,...

This article addresses inequities in the apportionment of losses which arise when traditional consumer finance rules are applied to enforce consumer payment obligations which accrue during and after catastrophes. Disasters lead inevitably to job losses, to property destruction, and to inhibited...

New technologies that allow families to easily tailor their media consumption undermine the pervasiveness rationale for government regulation of content. Both the variety of family programming options now available and new technologies, such as digital video recorders (DVRs) and video on demand...