Globalisierung und E-Commerce schaffen neue Möglichkeiten für Verbraucher, führen aber auch zu Ungleichgewichten, da Konsumdaten überwacht und genutzt werden. Die Autonomie der Verbraucher ist gefährdet, während globale Unternehmen gesellschaftliche Rahmenbedingungen gestalten. Der...

In the current market environment, the actual dynamics of the application of internal corporate factors is differentiated. The company thus tries to influence customers' shopping behavior as effectively as possible. Therefore, it is important for the company to be able to adapt to these changes...

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...

We seem to be in the middle of a paradigm shift in consumer protection. For decades, regulators understood their mission as “preserving choice” through more effective informational remedies. In the past decade — and more decisively during the Biden Administration — a growing appreciation...

Die Gewährleistungsmarke, die auf eine EU-Initiative hin im Jahr 2017 eingeführt worden war, steht in Deutschland seit 2019 zur Verfügung. Hauptmerkmale sind Neutralität, Überwachung/Kontrolle und Transparenz für bestimmte Sach- oder Dienstleistungsversprechen, für welche der Rechtsschutz...

Die Wirtschaftspolitik steht angesichts der Schwere der Energiepreiskrise vor großen Herausforderungen. Mit den drei Entlastungspaketen hat die Regierung zwar einige wichtige Impulse gesetzt, eine stringente Linie lässt die Wirtschaftspolitik jedoch vermissen. Sämtliche Maßnahmen sollten...

European integration is increasingly contested in public. What are the policy consequences of this EU politicization? This article argues that politicization challenges the hitherto often technocratic mode of policy preparation in the European Commission. Increased public attention and...

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...

Analysis of consumer protection law and policy still largely uses a consumer sovereignty framework: actual markets are compared to an ideal in which consumer choices amidst competitive sellers maximize an aggregation of consumers’ subjective welfare functions. This ideal serves as both a...

To predict the effects of the 2020 U.S. CARES Act on consumption, we extend a model that matches responses to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during lockdowns, many types of spending are undesirable...

Before the behavioural turn, the economic account of consumer policy concerns was too optimistic and reductive. After the turn, we, the consumers, are more likely to need from an economic perspective a more intrusive consumer policy. This is the dismality thesis defended in this article. The...

A more generous consumer bankruptcy system provides greater insurance against financial risks but may also raise the cost of credit. We study this trade-off using the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which increased the costs of filing for bankruptcy. We...

This study aimed to test, through empirical investigation, how the rapid advancement of digital transformation (DT) has impacted the price of financial services. To this end, we compiled a set of macro-level indicators on the aggregate outcomes of the financial services sector in Korea over the...

Der Sachverständigenrat für Verbraucherfragen hat erstmals ein breit angelegtes Gutachten zur Lage der Verbraucher:innen in Deutschland vorgelegt. Gert G. Wagner, Mitglied im Sachverständigenrat für Verbraucherfragen, stellt aus seiner persönlichen Sicht ausgewählte Analysen, Ergebnisse...

Currently, the European Union finds itself in troubled waters. It has to prove that its benefits outweigh the costs of its endeavour. In this respect, an EU competition policy that focuses on consumer welfare is one way to gain support by the citizens of its member states. The Roaming Regulation...

Governance von und durch Verhaltensdesign -- Ein (Preis-)Algorithmus und seine Perspektiven -- Wearables and Related Consumer Skills -- Datenschutzgrundverordnung & digitaler Verbraucherschutz -- Digitale Geschmacksvermittlung -- Die Bedeutung von Consumer-Vendor-Relationship-Management-Systemen...

"This book analyses the founding years of consumer law and consumer policy in Europe. It combines two dimensions: the making of national consumer law and the making of European consumer law, and how both are intertwined. The chapters on Germany, Italy, the Nordic countries and the United Kingdom...

To predict the effects of the 2020 U.S. CARES Act on consumption, we extend a model that matches responses to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during lockdowns, many types of spending are undesirable...

To predict the effects of the 2020 U.S. ‘CARES' act on consumption, we extend a model that matches responses of households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during the lockdown, many types of...

In this paper, I discuss the merits of online experiments for behaviourally informed policy making. The online experiments we have in mind combine elements of laboratory and natural field experiments (RCTs), with a focus on external validity. These experiments are increasingly used to...

To predict the effects of the 2020 U.S. "CARES" act on consumption, we extend a model that matches responses of households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during the lockdown, many types of...

To predict the effects of the 2020 U.S. CARES act on consumption, we extend a model that matches responses of households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during the lockdown, many types of spending...

Vor knapp dreißig Jahren ist die Metapher „the dark sides of consumer behavior“ in die Konsumentenverhaltensforschung eingeführt worden. So setzen sich Konsumenten mit ihrem Verhalten manchmal wissend ins Unrecht, betrachten ihre Vergehen aber als "smarte Kavaliersdelikte". Zudem erliegen...

A review of the unfair commercial practices (including price gouging) that have emerged in the context of the pandemic lead us to reflect on how effective consumer law enforcement is at this juncture. This article calls for the pandemic to act as a catalyst to review the way consumer law has so...

The objective of this note is to revisit the meaningfulness of the Condorcet Jury Theorem (CJT) and apply it to the recent debate on liberal paternalism and consumer protection. The CJT con-sists of two parts, (a) stating that a jury of experts is always more competent than a single expert given...

Die Bundesregierung hat in ihrem Koalitionsvertrag die Verbesserung der privaten Altersvorsorge durch die Einführung eines „attraktiven standardisierten Riester-Produkts“ angekündigt. Der vorliegende Beitrag argumentiert, dass nur ein flexibles, aber öffentlich-rechtlich organisiertes...

A more generous consumer bankruptcy system provides greater insurance against financial risks, but it may also raise the cost of credit to consumers. We study this trade-off using the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which raised the costs of filing for...

Over the past several decades, the preferred model for consumer protection in most countries has emphasized a notice and consent (or choice) approach with less emphasis on normative laws that prohibit or mandate certain contract terms, acts or practices. In this essay, I argue that it is time...

A more generous consumer bankruptcy system provides greater insurance against financial risks, but it may also raise the cost of credit to consumers. We study this trade-off using the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which raised the costs of filing for...

Die Bundesregierung hat in ihrem Koalitionsvertrag die Verbesserung der privaten Altersvorsorge durch die Einführung eines "attraktiven standardisierten Riester-Produkts" angekündigt. Der vorliegende Beitrag argumentiert, dass nur ein flexibles aber öffentlich-rechtlich organisiertes...

European integration is increasingly contested in public. What are the policy consequences of this EU politicization? This article argues that politicization challenges the hitherto often technocratic mode of policy preparation in the European Commission. Increased public attention and...

The protection of consumer welfare or broadly speaking protection of the interests of consumers is a central aspect of all modern competition laws as well as a direct aim of consumer protection laws. Competition law and consumer protection policies are complementary and mutually reinforcing....

The Proposal for an Artificial Intelligence Act (AIA) of 21 April 2021, COM(2021) 206 final, is a landmark document for the regulation of AI worldwide. In the light of the massive risks for consumers (alongside opportunities) that come with the mass roll-out of AI systems it is of utmost...