Search and Ripoff Externalities

This paper surveys models of markets in which only some consumers are "savvy". I discuss when the presence of savvy consumers improves the deals available to all consumers (the case of search externalities), and when the non-savvy consumers fund generous deals for all consumers (ripoff ext...

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Veröffentlicht in:	Review of industrial organization 2015-11, Vol.47 (3), p.273-302
1. Verfasser:	Armstrong, Mark
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumer attitudes Consumer behavior Consumer protection Consumers Economics Economics and Finance Equilibrium Externality Industrial Organization Market equilibrium Microeconomics Prices Studies
Online-Zugang:	Volltext
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