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Inferior Products and Profitable Deception

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Publication:3382377
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DOI10.1093/restud/rdw037zbMath1471.91169OpenAlexW2487003007MaRDI QIDQ3382377

Botond Kőszegi, Takeshi Murooka, Paul Heidhues

Publication date: 21 September 2021

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/restud/rdw037


zbMATH Keywords

credit cardsmutual fundsnaivetedeceptive productinferior productprofitable deception


Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)


Related Items (11)

The impact of competition on prices with numerous firms ⋮ Limited perception and price discrimination in a model of horizontal product differentiation ⋮ Multilevel marketing: Pyramid‐shaped schemes or exploitative scams? ⋮ EXCESSIVE COMPETITION ON HEADLINE PRICES ⋮ Fishing for fools ⋮ Consumer loss aversion and scale-dependent psychological switching costs ⋮ Unaware consumers and disclosure of deficiencies ⋮ When consumers do not make an active decision: dynamic default rules and their equilibrium effects ⋮ Model-based evaluation of cooling-off policies ⋮ Consumer exploitation and notice periods ⋮ Sellouts, beliefs, and bandwagon behavior







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