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  1. Cursed consumers and the effectiveness of consumer protection policies
    Erschienen: [2021]
    Verlag:  Collaborative Research Center Transregio 190, [München]

    We model firms’ quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently skeptical about undisclosed quality. We show that cursed consumers are exploited in duopoly markets if firms are vertically... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 553
    keine Fernleihe

     

    We model firms’ quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently skeptical about undisclosed quality. We show that cursed consumers are exploited in duopoly markets if firms are vertically differentiated, if there are few cursed consumers, and if average product quality is high. Three common consumer protection policies that work under monopoly, i.e. mandatory disclosure, third party disclosure and consumer education, may all increase exploitation and decrease welfare. Even where these policies improve overall welfare, they often lead to a reduction in consumer surplus. We show that our conclusions hold in extensions with endogenous quality choice and horizontal differentiation.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/256772
    Schriftenreihe: Discussion paper / Rationality & Competition, CRC TRR 190 ; no. 305 (December 1, 2021)
    Schlagworte: naive; cursed; disclosure; consumer protection; labeling; competition
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. buttermyfly
    Autor*in: Gb, Pascal
    Erschienen: 2023
    Verlag:  epubli, Berlin

  3. HAUNTED HOUSE
    Horror Story