Search Costs in Consumer Product Choice: Does Delaying the Provision of Information Increase Choice Efficiency?

Consumer Choice, Information Product Quality, and Market Implications

The paper concerns with the peculiarities of consumer choice in information product markets. This is a multidisciplinary study based on both information system research and microeconomic theory. An extension is introduced to the conventional general theory of consumer choice for explicitly taking into account the impact of information product quality on consumer behaviour. Multiple quality char...

Delaying the Choice of Bias :

This paper is concerned with alleviating the choice of learning biases via a two-step process: ? The set of all hypotheses that are consistent with the data and cover at least one training example, is given an implicit characterization of polynomial complexity. The only bias governing this induction phase is that of the language of hypotheses. ? Classiication of further examples is done via int...

The Costs and Benefits of Temptation in Consumer Choice

Evaluating the Provision of School Performance Information for School Choice Evaluating the Provision of School Performance Information for School Choice

The Centre for Market and Public Organisation (CMPO) is a leading research centre, combining expertise in economics, geography and law. Our objective is to study the intersection between the public and private sectors of the economy, and in particular to understand the right way to organise and deliver public services. The Centre aims to develop research, contribute to the public debate and inf...

Efficiency with Endogenous Information Choice∗

We study the efficiency of information acquisition decisions in models with dispersed information and strategic considerations. Our main result is that information choice is typically inefficient because agents do not fully internalize the effects of their information on others. This ex-ante suboptimality is obtained even in environments where information is used efficiently ex-post. We demonst...