Consumer behavioural biases in competition: A survey

Steffen Huck and Jidong Zhou ()

MPRA Paper from University Library of Munich, Germany

Abstract: This is a survey of studies that examine competition in the presence of behaviourally biased or boundedly rational consumers. It will tackle questions such as: How does competition and pricing change when consumers are biased? Can inefficiencies that arise from consumer behavioural biases be mitigated by lowering barriers to entry? Do biased consumers make rational ones better or worse off? And will biased consumer behaviour be overcome through learning or education?

Keywords: Behavioural Economics; Industrial Organization; Biased Consumers (search for similar items in EconPapers)
JEL-codes: D03 D21 D4 L1 (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-cbe, nep-com, nep-evo, nep-ind and nep-mkt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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https://mpra.ub.uni-muenchen.de/31794/1/MPRA_paper_31794.pdf original version (application/pdf)

Related works:
Working Paper: Consumer Behavioural Biases in Competition: A Survey (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31794

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