Default Effects, Transaction Costs, and Imperfect Information

Chris M. Wilson, Luke Garrod and Alistair Munro
Additional contact information
Chris M. Wilson: School of Business and Economics

No 12-16, GRIPS Discussion Papers from National Graduate Institute for Policy Studies

Abstract: We develop a decision framework with imperfect information to analyze the effects of transaction costs on the tendency for individuals to remain with a default option. We demonstrate how transaction costs can be a more important source of such default effects than commonly thought. A further, potentially surprising result shows that transaction costs are able to explain why some forms of default effects increase with the number of options.

Pages: 8 pages
Date: 2012-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://grips.repo.nii.ac.jp/?action=repository_ac ... bute_id=20&file_no=1 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://grips.repo.nii.ac.jp/?action=repository_action_common_download&item_id=1103&item_no=1&attribute_id=20&file_no=1 [302 Moved Temporarily]--> https://grips.repo.nii.ac.jp/record/1103/files/DP12-16.pdf [302 FOUND]--> https://nrjjxl1nnwb4.compat.objectstorage.ap-tokyo-1.oraclecloud.com/contents/grips_repo_nii_ac_jp/a4/59/52ab-733f-4aea-bb6c-d55c7dab5bda/data?response-content-type=application%2Foctet-stream&response-content-disposition=attachment%3B%20filename%3DDP12-16.pdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=2933d73c5ea35b566afd770d1a6af5c853196a77%2F20260808%2Fap-tokyo-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T102011Z&X-Amz-Expires=60&X-Amz-SignedHeaders=host&X-Amz-Signature=59aff5c9f162ebcf1c8fc95050ff5f7081e070f89497e41e8a9b9d538a57e643)

Related works:
Journal Article: Default effects, transaction costs, and imperfect information (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ngi:dpaper:12-16

Access Statistics for this paper

More papers in GRIPS Discussion Papers from National Graduate Institute for Policy Studies Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).