Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/37278
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Schüwer, Ulrich | en |
dc.contributor.author | Kosfeld, Michael | en |
dc.date.accessioned | 2010-08-11T09:04:44Z | - |
dc.date.available | 2010-08-11T09:04:44Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/37278 | - |
dc.description.abstract | Previous research shows that firms may offer excessively high (and shrouded) add-on prices in competitive markets when some consumers are myopic. We analyze the effects of regulatory intervention via educating myopic consumers on equilibrium strategies of firms, consumer protection and welfare. Our model allows firms to price discriminate between consumers. We show that intervention may actually decrease social welfare and weaken consumer protection if regulatory efforts are insufficient to alter the equilibrium strategy of firms. In consequence, regulation may do more harm than good and hence should only be considered if the regulator can be sure to have a good understanding of pricing strategies in an industry. | en |
dc.language.iso | eng | en |
dc.publisher | |aVerein für Socialpolitik |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Regulation and Pricing Policies |xF8-V2 | en |
dc.subject.jel | L50 | en |
dc.subject.jel | D40 | en |
dc.subject.jel | D80 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | bounded rationality | en |
dc.subject.keyword | information suppression | en |
dc.subject.keyword | regulation | en |
dc.subject.keyword | social welfare | en |
dc.subject.keyword | consumer protection | en |
dc.title | Add-on Pricing, Consumer Myopia and Regulatory Intervention | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 654912726 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.