Arbeitspapier
Consumer Exploitation and Notice Periods
Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We show that the firm may set a long notice period to exploit naive consumers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 109
- Klassifikation
-
Wirtschaft
Microeconomic Policy: Formulation, Implementation, and Evaluation
Consumer Protection
Firm Behavior: Theory
Market Structure, Pricing, and Design: General
Micro-Based Behavioral Economics: General‡
Economics of Regulation
- Thema
-
notice periods
procrastination
present bias
time inconsistency
consumer naivete
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Murooka, Takeshi
Schwarz, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
- (wo)
-
München und Berlin
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Murooka, Takeshi
- Schwarz, Marco
- Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
Entstanden
- 2018
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