Economic models of consumer protection policies
This paper summarizes some of my recent work on consumer protection. I present three theoretical models which illustrate the merits and drawbacks of a number of common consumer protection policies, namely: policies which prevent firms from setting unduly high prices; policies which prevent firms requiring on-the-spot decision making by prospective customers, and policies which prevent suppliers from paying commission payments to sales intermediaries.
|Date of creation:||Nov 2011|
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- Armstrong, Mark & Vickers, John & Zhou, Jidong, 2008.
"Consumer protection and the incentive to become informed,"
9898, University Library of Munich, Germany.
- Mark Armstrong & John Vickers & Jidong Zhou, 2009. "Consumer Protection and the Incentive to Become Informed," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 399-410, 04-05.
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- Armstrong, Mark, 2008.
"Interactions between competition and consumer policy,"
7258, University Library of Munich, Germany.
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- Burdett, Kenneth & Judd, Kenneth L, 1983. "Equilibrium Price Dispersion," Econometrica, Econometric Society, vol. 51(4), pages 955-69, July.
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Elsevier, vol. 38(5), pages 1099-1112, May.
- Fershtman, C. & Fishman, A., 1991. "The "Perverse" Effects of Wage and Price Controls in Search Markets," Papers 11-91, Tel Aviv.
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