WebMay 1, 2012 · We study a market with rationally inattentive consumers who are unsure of the terms of the offers made by firms, but can acquire information about the terms at a … Web2 days ago · Whether the Nutri-Score algorithm – which ranks food from -15 for the ‘healthiest’ products to +40 for those that are ‘less healthy’ – is the most effective at helping consumers make healthier choices or not, new research out of France suggests it is having a positive impact on the nutritional quality of products on-shelf.

Inattentive Consumers and Product Quality - Research Papers in …

WebThis 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 … WebSocial is the preferred product discovery platform for consumers age 18-44. 80% of social media marketers believe consumers will buy products directly in social apps more often than on brands ... schedule road test milwaukee wi

Inattentive Consumers and Product Quality - JSTOR

WebA firm may “cheat” and offer a worthless product to exploit these inattentive consumers. In the unique symmetric equilibrium, firms follow a mixed strategy involving both price and quality dispersion. The presence of inattentive consumers harms attentive consumers, and enables firms to earn positive profits. WebSep 17, 2024 · We find that consumers that can gather and process information at approximately no cost rationally select to be attentive while consumers that must incur a cost rationally select to be inattentive. WebA firm may offer a low-quality product to exploit these inattentive consumers. In the unique symmetric equilibrium of the model, firms choose prices with mixed strategies, similarly … schedule road test mpi