Default effects, transaction costs, and imperfect information

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, potent...

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Bibliographic Details
Main Authors: Christopher Wilson, Luke Garrod, Alistair Munro
Format: Default Article
Published: 2014
Subjects:
Other economics not elsewhere classified
Default effect
Transaction cost
Imperfect information
Economics
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/15288
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