Compensatory and noncompensatory decision strategies in a monopolistic screening model

Mauro Papi

Compensatory and noncompensatory decision strategies in a monopolistic screening model

Mauro Papi

Research output: Working paper

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.

Original language	English
Number of pages	13
Publication status	Unpublished - 23 Nov 2011

Keywords

Bounded rationality
Compensatory strategy
Noncompensatory strategy
Monopolistic screening
Satisficing

Access to Document

Mauro papi
(c) the author
Accepted author manuscript, 293 KB

Cite this

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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.",

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