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Default Effects, Transaction Costs, and Imperfect Information WILSON, Chris M. GARROD, Luke MUNRO, Alistair Default effect transaction cost imperfect information https://www.grips.ac.jp/list/jp/facultyinfo/munro_alistair/ We develop a decision framework with imperfect information to analyze the effects of transaction costs on the tendency for individuals to remain with a default option. We demonstrate how transaction costs can be a more important source of such default effects than commonly thought. A further, potentially surprising result shows that transaction costs are able to explain why some forms of default effects increase with the number of options. JEL Classification Codes: D03, D83 経済学 / Economics GRIPS Policy Research Center 2012-12-27 eng technical report AM https://doi.org/10.24545/00001103 https://grips.repo.nii.ac.jp/records/1103 10.24545/00001103 https://ideas.repec.org/p/ngi/dpaper/12-16.html https://ideas.repec.org/p/ngi/dpaper/12-16.html GRIPS Discussion Papers DP12-16 https://grips.repo.nii.ac.jp/record/1103/files/DP12-16.pdf application/pdf 117.9 kB