This article merges and replaces two previous articles: “Consumer Loss Aversion and the Intensity of Competition” and “Pricing and Information Disclosure in Markets with Loss-Averse Consumers.” We are grateful to the editor, Mark Armstrong, three anonymous referees, Heski Bar-Isaac, Paul Heidhues, Justin Johnson, Emir Kamenica, Rani Spiegler, Jidong Zhou, and various seminar audiences for helpful comments and suggestions. We gratefully acknowledge financial support from the National Bank of Belgium (Research Grant, “The Impact of Consumer Loss Aversion on the Price Elasticity of Demand”), the ARC Grant, “Market Evolution, Competition, and Policy: Theory and Evidence” and the German Science Foundation (SFB TR 15).
Competition under consumer loss aversion
Article first published online: 25 MAR 2014
© 2014, RAND.
The RAND Journal of Economics
Volume 45, Issue 1, pages 1–31, Spring 2014
How to Cite
Karle, H. and Peitz, M. (2014), Competition under consumer loss aversion. The RAND Journal of Economics, 45: 1–31. doi: 10.1111/1756-2171.12040
- Issue published online: 25 MAR 2014
- Article first published online: 25 MAR 2014
- National Bank of Belgium Research Grant
- “The Impact of Consumer Loss Aversion on the Price Elasticity of Demand”
- ARC Grant, “Market Evolution, Competition, and Policy: Theory and Evidence”
- German Science Foundation (SFB TR 15)
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