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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...
Persistent link: https://www.econbiz.de/10012793595
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …
Persistent link: https://www.econbiz.de/10011340265
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …
Persistent link: https://www.econbiz.de/10011751477