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  1. Imperfect information about consumer rights
    implications for efficiency and distribution
    Author: Baumann, Florian; Friehe, Tim; Wenzel, Tobias
    Published: 12/2021
    Publisher:  ZEW, Mannheim

    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Signature:
    2 : Z 2027:2021,098
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    Location:
    Badische Landesbibliothek
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    Unlimited inter-library loan, copies and loan

     

    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In other circumstances, uninformed consumers buy the efficient product variety like informed consumers but the former cross-subsidize the latter via firms’ pricing. With respect to the salient policy option of improving information about consumer rights, we find that increasing the share of informed consumers may actually raise the risk of inefficiency.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper / ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH ; No. 21-098
    Subjects: consumer policy; imperfect information; efficiency; product safety; distribution
    Scope: 31 Seiten, Diagramme
  2. Imperfect information about consumer rights
    implications for efficiency and distribution
    Author: Baumann, Florian; Friehe, Tim; Wenzel, Tobias
    Published: [2021]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 15
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    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan

     

    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In other circumstances, uninformed consumers buy the efficient product variety like informed consumers but the former cross-subsidize the latter via firms’ pricing. With respect to the salient policy option of improving information about consumer rights, we find that increasing the share of informed consumers may actually raise the risk of inefficiency.

     
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      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/248852
    Series: Discussion paper / ZEW ; no. 21, 098 (12/2021)
    Subjects: consumer policy; imperfect information; efficiency; product safety; distribution
    Scope: 1 Online-Ressource (31 Seiten), Illustrationen