Three hundred patients attending a department of genitourinary medicine were asked their opinion of various aspects of the current services and those which should be provided in a new department. A majority of patients wanted the clinic to be open in the evening and to be sited away from the main out-patients department. Three quarters of the patients wanted to maintain an open access system al...

This paper examines Ricardian equivalence in a world in which taxes are not lump sum, but are levied on risky labor income. It shows that the marginal propensity to consume out of a tax cut, coupled with a future income tax increase, can be substantial under plausible assumptions. Indeed, the MPC out of a tax cut can be closer to the Keynesian value that ignores the future tax liabilities than ...

W hen consumers sign contracts, expectations about future usage of the product or service matter. For instance, the value provided by car insurance depends on how likely a consumer believes she is to file a claim; the value provided by a gym membership depends on how often a consumer anticipates going to the gym; and the value provided by a cellular phone contract depends on how many gigabytes ...

Before Internet consumers make buying decisions, several psychological factors come into effect and reflect individual preferences on products. In this paper, the authors investigate four integrated streams: 1) recognizing the psychological factors that affect Internet consumers, 2) understanding the relationship between businesses’ e-marketing mix and Internet consumers’ psychological factors,...

Genetically modified (GM) technology in food production continued to generate controversies. Consumers were concerned with the GM foods about the healthy and environmental risks. While consumers’ acceptance was a critical factor affecting how widely this technology be used. According to the research review, consumers’ lack of information was one of the reasons to explain consumers’ low acceptan...

This paper examines the factors influencing consumers’ intention to continue using a new pattern of online group-buying, which benefits consumers from high discounts and is prevalent in many countries of the world since 2009. A theoretical model is proposed based on Expectation-Confirmation Model of IS Continuance (ECM-ISC) from the previous IS continuance literature, integrating with e-recover...

In a version of the Diamond and Dybvig [3] model with aggregate uncertainty, we show that there exist an equilibrium with the following properties: all consumers deposit at the bank, all patient consumers wait for the last period to withdraw and the bank fails with strictly positive probability. Furthermore, we show that the probability of a bank failure remains bounded away from zero as the nu...

This paper presents a model in which some consumers shop on the basis of price alone, without attention to product quality. A firm may “cheat” (i.e., cut quality) to exploit these inattentive consumers. In the unique symmetric equilibrium, firms follow a mixed strategy involving both price and quality dispersion. Firms are less likely to cheat when there are fewer inattentive consumers, which i...

In this Article, Professor Christopher Yoo directly engages claims that mandating network neutrality is essential to protect consumers and to promote innovation on the Internet. It begins by analyzing the forces that are placing pressure on the basic network architecture to evolve, such as the emergence of Internet video and peer-to-peer architectures and the increasing heterogeneity in busines...

In 2006, Florida's Medicaid reform required some Medicaid consumers to enroll in health plans that differed in terms of cost-sharing requirements and benefit limitations. In focus groups we found enthusiasm among Medicaid consumers for having choices among health plans; however, enthusiasm did not translate into comparison shopping for health plans. Survey findings suggested that Medicaid consu...