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- W2898892564 abstract "Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We show that the firm may set a long notice period to exploit naive consumers." @default.
- W2898892564 created "2018-11-09" @default.
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- W2898892564 date "2019-01-01" @default.
- W2898892564 modified "2023-10-16" @default.
- W2898892564 title "Consumer exploitation and notice periods" @default.
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- W2898892564 doi "https://doi.org/10.1016/j.econlet.2018.10.036" @default.
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