2026-03-08T03:32:10Z https://grips.repo.nii.ac.jp/oai

oai:grips.repo.nii.ac.jp:00001103 2023-11-20T08:53:52Z 1:22

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 technical report GRIPS Policy Research Center AM application/pdf https://grips.repo.nii.ac.jp/record/1103/files/DP12-16.pdf https://doi.org/10.24545/00001103 https://grips.repo.nii.ac.jp/records/1103 eng https://ideas.repec.org/p/ngi/dpaper/12-16.html https://ideas.repec.org/p/ngi/dpaper/12-16.html