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Regulatory reform for closing Africa's competitiveness gap
Kessides, Ioannis Nicolaos - 2014
regionalization could potentially address both these challenges. Regional integration of regulation, combined with regionalization of …
Persistent link: https://www.econbiz.de/10010358801
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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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Competition Effects in a Liberalized Railway Market
Lang, Markus - 2014
pay to the infrastructure manager for access to the tracks and how these charges change with increased competition in the … prices per kilometer and increases total output in train kilometers. The regulatory agency reacts to more competition with a … competition in the freight and/or passenger segment is ambiguous and depends on the level of competition. Finally, social welfare …
Persistent link: https://www.econbiz.de/10013069290
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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 in retail financial markets and the fallacies of consumer education
Kosfeld, Michael; Schüwer, Ulrich - Research Center SAFE (Sustainable Architecture for … - 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/10010982092
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 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/10009367427
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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
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Working Paper 03-10 - Competition and regulation, Belgium, 1997 to 2004
Braila, Chrissopighi; Rayp, Glenn; Sanyal, Shreosi - Federal Planning Bureau, Government of Belgium - 2010
econometric exercise we illustrate the potential of regulation as an explanatory variable for competition. …The aim of this paper is to describe product market competition in the Belgian economy for the period 1997]2004 and to … illustrate some causality with market regulation. The analysis is held at the industry level, for selected manufacturing and …
Persistent link: https://www.econbiz.de/10008565897
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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 - 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