Are Consumer Decision-Making Phenomena a Fourth Market Failure?
نویسندگان
چکیده
منابع مشابه
Are Consumer Decision-Making Phenomena a Fourth Market Failure?
This paper challenges the increasingly common view that the findings of behavioural economics constitute a fourth type of market failure. The market failure framework elevates the standard competitive market model to the status of an ideal. It provides us with tools to identify departures from the ideal model and to deduce a direction policy might take to restore it. Many behavioural phenomena ...
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ژورنال
عنوان ژورنال: Journal of Consumer Policy
سال: 2015
ISSN: 0168-7034,1573-0700
DOI: 10.1007/s10603-014-9281-1