, including Hotwire and Priceline, brought the power of contract exchanges directly to consumers, allowing regular people to flex … benefit of consumer borrowers and investors.Modern contract law usually bends over backwards to protect consumers, so one …Businesses and sophisticated parties have long used “contract exchanges,” like the Chicago Board of Trade, to obtain a …

about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem … objective outcome but only the consumerś report, or subjective evaluation. A failure of the low-cost treatment delays the … solution of the consumerś problem by the high-cost treatment to a second period. We show that the first-best solution can …