Exploitative Innovation
Author
Abstract
Suggested Citation
Note: DOI: 10.1257/mic.20140138
Download full text from publisher
Other versions of this item:
- Heidhues, Paul & Kőszegi, Botond & Murooka, Takeshi, 2016. "Exploitative Innovation," Munich Reprints in Economics 43464, University of Munich, Department of Economics.
References listed on IDEAS
- Xavier Gabaix & David Laibson, 2018.
"Shrouded attributes, consumer myopia and information suppression in competitive markets,"
Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 3, pages 40-74,
Edward Elgar Publishing.
- Xavier Gabaix & David Laibson, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 505-540.
- Xavier Gabaix & David Laibson, 2005. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," NBER Working Papers 11755, National Bureau of Economic Research, Inc.
- Laibson, David I. & Gabaix, Xavier, 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets," Scholarly Articles 4554333, Harvard University Department of Economics.
- Spiegler, Ran, 2014.
"Bounded Rationality and Industrial Organization,"
OUP Catalogue,
Oxford University Press, number 9780199334261.
- Spiegler, Ran, 2011. "Bounded Rationality and Industrial Organization," OUP Catalogue, Oxford University Press, number 9780195398717, Decembrie.
- Victor Stango & Jonathan Zinman, 2014.
"Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees,"
The Review of Financial Studies, Society for Financial Studies, vol. 27(4), pages 990-1030.
- Victor Stango & Jonathan Zinman, 2011. "Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees," Working Papers 11-17, Federal Reserve Bank of Philadelphia.
- Victor Stango & Jonathan Zinman, 2011. "Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees," NBER Working Papers 17028, National Bureau of Economic Research, Inc.
- Paul Heidhues & Botond K?szegi & Takeshi Murooka, 2016.
"Exploitative Innovation,"
American Economic Journal: Microeconomics, American Economic Association, vol. 8(1), pages 1-23, February.
- Heidhues, Paul & Kőszegi, Botond & Murooka, Takeshi, 2016. "Exploitative Innovation," Munich Reprints in Economics 43464, University of Munich, Department of Economics.
- Paul Heidhues & Botond Koszegi, 2010. "Exploiting Naivete about Self-Control in the Credit Market," American Economic Review, American Economic Association, vol. 100(5), pages 2279-2303, December.
- repec:oup:restud:v:84:y::i:1:p:323-356. is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zongrun Wang & Mei Yang, 2020. "Effective allocation of financial services intensity and its impact on channel competition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(8), pages 1473-1492, December.
- Gabaix, Xavier & Laibson, David & Li, Deyuan & Li, Hongyi & Resnick, Sidney & de Vries, Casper G., 2016.
"The impact of competition on prices with numerous firms,"
Journal of Economic Theory, Elsevier, vol. 165(C), pages 1-24.
- Xavier Gabaix & David Laibson & Deyuan Li & Hongyi Li & Sidney Resnick & Casper G. de Vries, 2013. "The Impact of Competition on Prices with Numerous Firms," Working Papers 13-07, Chapman University, Economic Science Institute.
- Vikander Nick, 2019.
"Sellouts, Beliefs, and Bandwagon Behavior,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 19(1), pages 1-21, January.
- Nick Vikander, 2014. "Sellouts, Beliefs, and Bandwagon Behavior," Discussion Papers 14-15, University of Copenhagen. Department of Economics.
- Komlos John, 2016.
"Has Creative Destruction become more Destructive?,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 16(4), pages 1-12, October.
- John Komlos, 2014. "Has Creative Destruction Become More Destructive?," NBER Working Papers 20379, National Bureau of Economic Research, Inc.
- John Komlos, 2014. "Has Creative Destruction Become More Destructive?," CESifo Working Paper Series 4941, CESifo.
- Komlos, John, 2016. "Has Creative Destruction become more Destructive?," Munich Reprints in Economics 43465, University of Munich, Department of Economics.
- Loewenstein, George & Friedman, Joelle Y. & McGill, Barbara & Ahmad, Sarah & Linck, Suzanne & Sinkula, Stacey & Beshears, John & Choi, James J. & Kolstad, Jonathan & Laibson, David & Madrian, Brigitte, 2013.
"Consumers’ misunderstanding of health insurance,"
Journal of Health Economics, Elsevier, vol. 32(5), pages 850-862.
- Sarah Ahmed & John Beshears & James Choi & Joelle Friedman & Jonathan Kolstad & Suzanne Linck & John List & George Loewenstein & Brigitte Madrain & Barbara McGill & Stacey Sinkula & Kevin Volpp, 2013. "Consumers Misunderstanding of Health Insurance," Artefactual Field Experiments 00464, The Field Experiments Website.
- Roman Inderst & Martin Obradovits, 2023.
"Excessive Competition On Headline Prices,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 783-808, May.
- Inderst, Roman & Martin, Obradovits, 2016. "Excessive Competition for Headline Prices," CEPR Discussion Papers 11284, C.E.P.R. Discussion Papers.
- Inderst, Roman & Obradovits, Martin, 2021. "Excessive Competition on Headline Prices," EconStor Preprints 253666, ZBW - Leibniz Information Centre for Economics.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2015.
"Regulating Consumer Financial Products: Evidence from Credit Cards,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(1), pages 111-164.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2013. "Regulating Consumer Financial Products: Evidence from Credit Cards," NBER Working Papers 19484, National Bureau of Economic Research, Inc.
- Johannes Stroebel, 2014. "Regulating Consumer Financial Products: Evidence from Credit Cards," 2014 Meeting Papers 126, Society for Economic Dynamics.
- Kfir Eliaz & Ran Spiegler, 2015. "Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 259-272, November.
- Paul Heidhues & Botond Kőszegi & Takeshi Murooka, 2017.
"Inferior Products and Profitable Deception,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 84(1), pages 323-356.
- Heidhues, Paul & Köszegi, Botond & Murooka, Takeshi, 2017. "Inferior Products and Profitable Deception," Munich Reprints in Economics 55055, University of Munich, Department of Economics.
- Paul Heidhues & Botond K?szegi & Takeshi Murooka, 2016.
"Exploitative Innovation,"
American Economic Journal: Microeconomics, American Economic Association, vol. 8(1), pages 1-23, February.
- Heidhues, Paul & Kőszegi, Botond & Murooka, Takeshi, 2016. "Exploitative Innovation," Munich Reprints in Economics 43464, University of Munich, Department of Economics.
- Michael Grubb, 2015. "Behavioral Consumers in Industrial Organization: An Overview," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 247-258, November.
- Michael D. Grubb, 2015. "Behavioral Consumers in Industrial Organization," Boston College Working Papers in Economics 879, Boston College Department of Economics.
- Fabian Herweg & Antonio Rosato, 2020. "Bait and ditch: Consumer naïveté and salesforce incentives," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(1), pages 97-121, January.
- Michael D. Grubb, 2015.
"Overconfident Consumers in the Marketplace,"
Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 9-36, Fall.
- Michael D. Grubb, 2015. "Overconfident Consumers in the Marketplace," Boston College Working Papers in Economics 877, Boston College Department of Economics.
- Agarwal, Sumit & Ben-David, Itzhak & Yao, Vincent, 2017.
"Systematic mistakes in the mortgage market and lack of financial sophistication,"
Journal of Financial Economics, Elsevier, vol. 123(1), pages 42-58.
- Agarwal, Sumit & Ben-David, Itzhak & Yao, Vincent W., 2016. "Systematic Mistakes in the Mortgage Market and Lack of FInancial Sophistication," Working Paper Series 2016-09, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Ericson, Keith M. Marzilli, 2020.
"When consumers do not make an active decision: Dynamic default rules and their equilibrium effects,"
Games and Economic Behavior, Elsevier, vol. 124(C), pages 369-385.
- Keith M. Marzilli Ericson, 2014. "When Consumers Do Not Make an Active Decision: Dynamic Default Rules and their Equilibrium Effects," NBER Working Papers 20127, National Bureau of Economic Research, Inc.
- Youssef Benzarti, 2024.
"Playing Hide and Seek: How Lenders Respond to Borrower Protection,"
The Review of Economics and Statistics, MIT Press, vol. 106(2), pages 384-393, March.
- Youssef Benzarti, 2019. "Playing Hide and Seek: How Lenders Respond to Borrower Protection," NBER Working Papers 26382, National Bureau of Economic Research, Inc.
- Christian Michel, 2018. "Contractual structures and consumer misperceptions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 27(2), pages 188-205, June.
- Vokata, Petra, 2021. "Engineering lemons," Journal of Financial Economics, Elsevier, vol. 142(2), pages 737-755.
- Schmitt, Stefanie Yvonne, 2016. "Rational allocation of attention in decision-making," BERG Working Paper Series 114, Bamberg University, Bamberg Economic Research Group.
- Carey, Colleen, 2021. "Sharing the burden of subsidization: Evidence on pass-through from a subsidy revision in Medicare Part D," Journal of Public Economics, Elsevier, vol. 198(C).
- Paul Heidhues & Botond Kőszegi, 2015. "On the Welfare Costs of Naiveté in the US Credit-Card Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 341-354, November.
- Saur, Marc P. & Schlatterer, Markus G. & Schmitt, Stefanie Y., 2022. "Limited perception and price discrimination in a model of horizontal product differentiation," Games and Economic Behavior, Elsevier, vol. 134(C), pages 151-168.
- repec:oup:restud:v:84:y::i:1:p:323-356. is not listed on IDEAS
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wenner, Lukas M., 2018. "Do sellers exploit biased beliefs of buyers? An experiment," Games and Economic Behavior, Elsevier, vol. 110(C), pages 194-215.
- repec:bla:annpce:v:89:y:2018:i:1:p:175-199 is not listed on IDEAS
- Michael D. Grubb, 2015.
"Overconfident Consumers in the Marketplace,"
Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 9-36, Fall.
- Michael D. Grubb, 2015. "Overconfident Consumers in the Marketplace," Boston College Working Papers in Economics 877, Boston College Department of Economics.
- Marieke Bos & Chloé Le Coq & Peter van Santen, 2022.
"Scarcity and consumers’ credit choices,"
Theory and Decision, Springer, vol. 92(1), pages 105-139, February.
- Marieke Bos & Chloé Le Coq & Peter Van Santen, 2021. "Scarcity and consumers' credit choices," Post-Print hal-04120434, HAL.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2015.
"Regulating Consumer Financial Products: Evidence from Credit Cards,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(1), pages 111-164.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2013. "Regulating Consumer Financial Products: Evidence from Credit Cards," NBER Working Papers 19484, National Bureau of Economic Research, Inc.
- Johannes Stroebel, 2014. "Regulating Consumer Financial Products: Evidence from Credit Cards," 2014 Meeting Papers 126, Society for Economic Dynamics.
- Oren Bar-Gill, 2015. "Price Caps in Multiprice Markets," The Journal of Legal Studies, University of Chicago Press, vol. 44(2), pages 453-476.
- Abeler, Johannes & Huffman, David B. & Raymond, Collin, 2023. "Incentive Complexity, Bounded Rationality and Effort Provision," IZA Discussion Papers 16284, Institute of Labor Economics (IZA).
- Vikander Nick, 2019.
"Sellouts, Beliefs, and Bandwagon Behavior,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 19(1), pages 1-21, January.
- Nick Vikander, 2014. "Sellouts, Beliefs, and Bandwagon Behavior," Discussion Papers 14-15, University of Copenhagen. Department of Economics.
- Michael Grubb, 2015. "Behavioral Consumers in Industrial Organization: An Overview," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 247-258, November.
- Saur, Marc P. & Schlatterer, Markus G. & Schmitt, Stefanie Y., 2022. "Limited perception and price discrimination in a model of horizontal product differentiation," Games and Economic Behavior, Elsevier, vol. 134(C), pages 151-168.
- Kenan Kalaycı & Marta Serra-Garcia, 2016.
"Complexity and biases,"
Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 31-50, March.
- Kenan Kalaycı & Marta Serra-Garcia, 2016. "Complexity and biases," Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 31-50, March.
- Kalaycı, Kenan & Serra-Garcia, Marta, 2012. "Complexity and Biases," Discussion Papers in Economics 13035, University of Munich, Department of Economics.
- Johannes Abeler & David Huffman & Colin Raymond, 2023.
"Incentive Complexity, Bounded Rationality and Effort Provision,"
Economics Series Working Papers
1012, University of Oxford, Department of Economics.
- Johannes Abeler & David Huffman & Collin Raymond & David B. Huffman, 2023. "Incentive Complexity, Bounded Rationality and Effort Provision," CESifo Working Paper Series 10541, CESifo.
- Youssef Benzarti, 2024.
"Playing Hide and Seek: How Lenders Respond to Borrower Protection,"
The Review of Economics and Statistics, MIT Press, vol. 106(2), pages 384-393, March.
- Youssef Benzarti, 2019. "Playing Hide and Seek: How Lenders Respond to Borrower Protection," NBER Working Papers 26382, National Bureau of Economic Research, Inc.
- Botond Koszegi & Peter Kondor, 2015.
"Cursed financial innovation,"
2015 Meeting Papers
1098, Society for Economic Dynamics.
- Kondor, Péter & Köszegi, Botond, 2015. "Cursed financial innovation," Discussion Papers, Research Unit: Economics of Change SP II 2015-306, WZB Berlin Social Science Center.
- Ran Spiegler, 2019.
"Behavioral Economics and the Atheoretical Style,"
American Economic Journal: Microeconomics, American Economic Association, vol. 11(2), pages 173-194, May.
- Spiegler, Ran, 2017. "Behavioral Economics and the Atheoretical Style," CEPR Discussion Papers 11786, C.E.P.R. Discussion Papers.
- Jonathan DE QUIDT & Maitreesh GHATAK, 2018.
"Is The Credit Worth It? For-Profit Lenders In Microfinance With Rational And Behavioral Borrowers,"
Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 175-199, March.
- de Quidt, Jonathan & Ghatak, Maitreesh, 2018. "Is the credit worth it? For-profit lenders in microfinance with rational and behavioral borrowers," LSE Research Online Documents on Economics 87515, London School of Economics and Political Science, LSE Library.
- Yu, Pei Cheng, 2020.
"Seemingly exploitative contracts,"
Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 299-320.
- Pei-Cheng Yu, 2018. "Seemingly Exploitative Contracts," Discussion Papers 2018-15, School of Economics, The University of New South Wales.
- Xavier Gabaix, 2017.
"Behavioral Inattention,"
NBER Working Papers
24096, National Bureau of Economic Research, Inc.
- Gabaix, Xavier, 2018. "Behavioral Inattention," CEPR Discussion Papers 13268, C.E.P.R. Discussion Papers.
- Mark Armstrong & John Vickers, 2012.
"Consumer Protection and Contingent Charges,"
Journal of Economic Literature, American Economic Association, vol. 50(2), pages 477-493, June.
- Armstrong, Mark & Vickers, John, 2012. "Consumer protection and contingent charges," MPRA Paper 37239, University Library of Munich, Germany.
- Paul Heidhues & Botond Kőszegi, 2015. "On the Welfare Costs of Naiveté in the US Credit-Card Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 341-354, November.
- Michael D. Grubb, 2015. "Behavioral Consumers in Industrial Organization," Boston College Working Papers in Economics 879, Boston College Department of Economics.
More about this item
JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:aejmic:v:8:y:2016:i:1:p:1-23. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.