Archivio per 24 aprile 2012

24
Apr
12

Zhou-BiasesCompetitionSurvery, May2011.pdf

See on Scoop.itBounded Rationality and Beyond

This report was commissioned by the Office of Fair Trading (OFT) from London Economics in association with Steffen Huck and Jidong Zhou (University College London). It examines the implications of consumer behavioural biases for firms’ decisions and hence for competitive equilibria.
Consumer behavioural biases imply that consumers may not behave in the fully rational way that many economic models presume. What impact do these biases
have on competition? Specifically, how does competition and pricing change when consumers are biased? Can inefficiencies that arise from consumer behavioural biases be mitigated by lowering barriers to entry? Do biased consumers make rational ones better or worse off? And will biased consumer behaviour be overcome through learning or education?

See on web-docs.stern.nyu.edu

Annunci



Time is real? I think not

aprile: 2012
L M M G V S D
« Mar   Mag »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Commenti recenti

Lorenzo Bosio su Un testo che trascende le sue…

Inserisci il tuo indirizzo e-mail per iscriverti a questo blog e ricevere notifiche di nuovi messaggi per e-mail.

Segui assieme ad altri 1.040 follower

Latest Tweets

Annunci

%d blogger hanno fatto clic su Mi Piace per questo: