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dc.contributor.authorSchüwer, Ulrichen_US
dc.contributor.authorKosfeld, Michaelen_US
dc.description.abstractPrevious 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_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Regulation and Pricing Policies F8-V2en_US
dc.subject.keywordbounded rationalityen_US
dc.subject.keywordinformation suppressionen_US
dc.subject.keywordsocial welfareen_US
dc.subject.keywordconsumer protectionen_US
dc.titleAdd-on Pricing, Consumer Myopia and Regulatory Interventionen_US
dc.typeConference Paperen_US
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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