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Compensatory and noncompensatory decision strategies in a monopolistic screening model

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mauro_papi.pdf (292.6Kb)
Date
23/11/2011
Author
Papi, Mauro
Keywords
Bounded rationality
Compensatory strategy
Noncompensatory strategy
Monopolistic screening
Satisficing
HB Economic Theory
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Abstract
A monopolist supplies a multi-attribute good and does not know whether the consumer makes or avoids tradeoffs between attributes. We illustrate a form of exploitation to which the tradeoff-avoiding consumer is vulnerable and draw some policy-relevant conclusions.
Citation
Papi , M 2011 ' Compensatory and noncompensatory decision strategies in a monopolistic screening model ' .
Type
Working or discussion paper
Rights
(c) the author
Description
Submitted to the B.E. Journal of Theoretical Economics
Collections
  • University of St Andrews Research
URI
http://hdl.handle.net/10023/2602

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