Arbeitspapier
Imperfect information about consumer rights: Implications for efficiency and distribution
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 21-098
- Klassifikation
-
Wirtschaft
Consumer Protection
Contract Law
Tort Law and Product Liability; Forensic Economics
- Thema
-
consumer policy
imperfect information
efficiency
product safety
distribution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baumann, Florian
Friehe, Tim
Wenzel, Tobias
- Ereignis
-
Veröffentlichung
- (wer)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (wo)
-
Mannheim
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 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
- Baumann, Florian
- Friehe, Tim
- Wenzel, Tobias
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Entstanden
- 2021
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