Abstract
We consider the shopping and consumption decision of an individual with a self-control problem. The consumer believes that restricting the consumption of a sinful product (such as chips) is in his long-run interest. But when facing the actual decision he is tempted to overeat. We ask how firms react to such self-control problems, and possibly exploit them, by offering different package sizes. In a competitive market, either one or three package sizes are offered. In contrast to common intuition, the large, and not the small package might be a commitment device. The latter may serve to exploit the naive consumer. (C) 2015 Elsevier B.V. All rights reserved.
Dokumententyp: | Zeitschriftenartikel |
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Fakultät: | Volkswirtschaft |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
ISSN: | 0167-2681 |
Sprache: | Englisch |
Dokumenten ID: | 43476 |
Datum der Veröffentlichung auf Open Access LMU: | 27. Apr. 2018, 08:04 |
Letzte Änderungen: | 04. Nov. 2020, 13:18 |