Protecting buyers from fine print

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Protecting buyers from fine print

Buyers typically do not read the …ne print in contracts, providing an incentive for a monopolist to draft terms which are unfavorable to buyers. We model this problem, proving that trade must then be inefficient. We show that regulation which mandates efficient terms raises welfare. More interesting...

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Bibliographic Details
Main Authors:	D'Agostino, Elena, Seidmann, Daniel J.
Format:	Article
Published:	Elsevier 2016
Subjects:	fine print; regulation
Online Access:	https://eprints.nottingham.ac.uk/33269/

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