Differential Pricing and Mistake Avoidance

Amihai Glazer

Working Papers from California Irvine - School of Social Sciences

Abstract: People who suffer disutility from making mistakes may prefer to face consumption choices which reduce their chances of making mistakes. One consequence is that a firm may attract greater demand by charging a single price for different goods than by charging different prices for different goods.

Keywords: PRICES; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: D10 D40 (search for similar items in EconPapers)
Date: 2000

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