The Dark Side of Choice: When Choice Impairs Social Welfare

The provision of choice in terms of how people use goods and services has been proposed as a vehicle of improvement of social welfare. This article highlights some of the costs and benefits of creating choice, and it discusses how much choice policy makers and other agents (e.g., employers, retailer...

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Veröffentlicht in:Journal of public policy & marketing 2006-04, Vol.25 (1), p.24-38
Hauptverfasser: Botti, Simona, Iyengar, Sheena S.
Format: Artikel
Sprache:eng
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Zusammenfassung:The provision of choice in terms of how people use goods and services has been proposed as a vehicle of improvement of social welfare. This article highlights some of the costs and benefits of creating choice, and it discusses how much choice policy makers and other agents (e.g., employers, retailers) should ideally grant and in what form they should grant it.
ISSN:0743-9156
1547-7207
DOI:10.1509/jppm.25.1.24