|Practice area:||Behavioural and experimental economics | Behavioural Economics | Business and industry | Consumer and firm behaviour | International institutions | NGOs and consumer advocacy | Regulators and government|
|Published:||14 December, 2015|
|Keywords:||behavioural and experimental consumer behaviour consumer protection firm behaviour|
This study for the European Commission explores how well markets for Legal and Commercial Guarantees (LCGs) operate for consumers in Europe. The study includes consumer surveys and behavioural experiments to investigate how well consumers understand LCGs. The study provides policy recommendations to remedy any shortcomings detected. In particular, the results of will be used to assess if stepped up enforcement is needed to ensure a more coherent application of the Guarantees Directive, Unfair Commercial Practices Directive and other relevant legislation. The findings will also inform the European Commission Regulatory Fitness and Performance Programme aimed at making EU law simpler and reducing regulatory costs.