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We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...
Persistent link: https://www.econbiz.de/10009416116
agents to withhold effort. We investigate when this behavioral result arises. In an extensive laboratory experiment, we find …
Persistent link: https://www.econbiz.de/10010636595