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Bounded rationality and industrial organization

Author: Ran Spiegler
Publisher: New York : Oxford University Press, ©2011.
Edition/Format:   Print book : EnglishView all editions and formats
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Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of "boundedly rational" consumer behavior and embeds them into  Read more...

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Ran Spiegler
ISBN: 9780195398717 0195398718 9780199334261 0199334269
OCLC Number: 608034810
Description: ix, 222 pages ; 25 cm
Contents: 1. Introduction ; I Anticipating Future Preferences ; 2. Dynamically Inconsistent Preferences I: Unconstrained Contracting ; 3. Dynamically Inconsistent Preferences II: Constrained Contracting ; 4. Dynamically Inconsistent Preferences III: Partial Naivety ; 5. Biased Beliefs without Dynamic Inconsistency ; II Responding to Market Complexity ; 6. Sampling-Based Reasoning: Price Competition and Product Differentiation ; 7. Sampling-Based Reasoning: Obfuscation ; 8. Coarse Reasoning ; III Reference Dependence ; 9. Loss Aversion ; 10. Inertia I: Price Competition ; 11. Inertia II: Costly Marketing 261 ; IV Discussion ; 12. Recurring Themes ; 13. But Can't we Get the Same Thing with a Standard Model? ; Bibliography ; Index
Responsibility: Ran Spiegler.
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Spiegler's Bounded Rationality and Industrial Organization is a beautifully written book. He makes a compelling case that understanding what happens when boundedly rational consumers meet Read more...

 
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