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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
bounded rationality competition regulation welfare consumer protection
2012/10/22
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive ...
Spending by older consumers：1980 and 1990 compared
older consumers Estimates of expenditure pension earnings
2009/5/7
Estimates of expenditure and income suggest that today's older Americans have higher preretirement and pension earnings than their 1980 counterparts. This is especially true of those aged 65 to 74. ...
An experimental consumer price index for older Americans rose somewhat faster then each of the two published BLS Consumer Price Indexes. As might be expected, expenditures for medical care accounted a...
U.S. consumers：which jobs are they creating?
U.S. consumers domestic employment consumer spending
2009/4/27
The purchasing decisions consumers make help determine where the jobs are in the economy; as spending choices change over the 1994-2005 period, so will the industries and occupations employing the wor...
A growing market：expenditures by Hispanic consumers
growing market Hispanic consumers Consumer Expenditure Survey
2009/4/22
Even when controlling for income, family size, and age, the spending patterns of Hispanics differ from those of whites or blacks. The patterns also differ among the various Hispanic cultures. This art...