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Consumer myopia, competition and the incentives to unshroud add-on information
Tobias Wenzel
Feb 01, 2014
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of...
Consumer myopia, competition and the incentives to unshroud add-on information
Tobias Wenzel
Feb 01, 2014
This paper studies unshrouding decisions in a framework similar to Gabaix and Laibson (2006), but considers an alternative unshrouding mechanism where the impact of advertising add-on information depends on the number of...
Shrouding add-on information
We explore how increased competition affects firms’ obfuscation strategies in a laboratory experiment. Firms sell a base good and an add-on product. Besides choosing the base-good price, sellers take an action that mimics the...
Shrouding add-on information
We explore how increased competition affects firms’ obfuscation strategies in a laboratory experiment. Firms sell a base good and an add-on product. Besides choosing the base-good price, sellers take an action that mimics the...