کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066443 1476779 2016 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Protecting buyers from fine print
ترجمه فارسی عنوان
حفاظت از خریداران از چاپ خوب
کلمات کلیدی
چاپ خوب، مقررات،
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Buyers typically do not read the fine print in contracts, providing an incentive for a monopolist to draft terms which are unfavorable to buyers. We model this problem, proving that trade must then be inefficient. We show that regulation which mandates efficient terms raises welfare. More interestingly, regulations which prohibit the least efficient terms may reduce welfare by inducing the monopolist not to offer favorable terms. We extend these results to markets in which some buyers are naive, showing that prohibiting the least efficient terms may also harm the naive buyers.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 89, October 2016, Pages 42-54
نویسندگان
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