Strategic Price Complexity in Retail Financial Markets

By B. Carlin. 2009

490 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/dc951be6be2da5175c28e1c1e4cbfe6dbf823555

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Citations in the corpus

Price Competition Under Limited Comparability (2012, background): “v = 8><>>>: q when q Y = q Z = q q Y q Z q(2) (q Y q) + (q Z q) otherwise (2)”
Financial Literacy and the Demand for Financial Advice (2015, unknown): “Even more worryingly, consumers’ ignorance may be exploited in retail financial markets as a source of market power by firms that increase the complexity of their financial products strategically (Carlin, 2009).”
How (not) to pay for advice: A framework for consumer financial protection ☆ (2012, background): “Impartial advice represents one of the most important nancial services consumers can receive. . . . Mortgage brokers often advertise their trustworthiness as advisers on di¢ cult mortgage decisions.”
The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market (2012, background): “Another explanation is that investors ignore fees, and thus competition amongst mutual fund providers does not reduce prices to competitive levels (Gabaix and Laibson (2006), Carlin (2009)).”
Idiosyncratic Return Volatility, Cash Flows, and Product Market Competition (2009, background): “Carlin (2006) shows that firms can use opaqueness to create a less competitive product market.”
The dark side of financial innovation: A case study of the pricing of a retail financial product (2011, unknown): “…literature explores equilibria in which firms shroud some aspects of the terms on which their products are offered in order to exploit uninformed consumers (Gabaix and Laibson, 2006), and strategically create complexity to reduce the proportion of investors who are informed (Carlin, 2009).”
Impact of Financial Literacy and Behavioural Biases on Investment Decision-making (2021, background): “However, components of mental accounting decrease the financial standard of substitutability (Carlin, 2009).”
Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study (2012, background): “Carlin and Robinson (1999) have a good example of this happening in Las Vegas.”
Is conflicted investment advice better than no advice? (2020, background): “For example, investors with lower levels of financial literacy may be both more likely to seek broker recommendations and more susceptible when investing on their own to the forms of strategic complexity described in Gabaix and Laibson (2006) and Carlin (2009).”
Bringing cost transparency to the life annuity market (2014, background): “Email: Jens.Nielsen.1@city.ac.uk”
The price does not include additional taxes, fees, and surcharges: A review of research on partitioned pricing☆ (2016, background): “Analytical models incorporating empirical findings show that increasing “ price complexity ” allows firms to obtain more consumer surplus (Carlin, 2009), as does increasing “ price frame dispersion, ” the variation in pricing methods across firms (Chioveanu & Zhou, 2013).”
Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “Carlin, 2009, and Carlin and Manso, 2011). Amromin, Huang, and Zhong (2010) use a sample of several million US mortgages to show that complex mortgages are primarily chosen by sophisticated consumers with high income levels and prime credit scores who want to purchase expensive houses relative to th”