Publications in: Competition
The Impact of Price Frames on Consumer Decision Making
| Published: | May, 2010 |
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London Economics was comissioned by the Office of Fair Trading to undertake a behavioural economics study into how different price frames may impact upon consumer behaviour. The study uses experimental economics to test if consumers incur behavioural biases under five common pricing practices used by firms, including drip pricing and “3 for 2” offers. The […]
Using Experiments in Consumer Research
| Published: | March, 2010 |
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Ofcom has published the report “Using experiments in consumer research” by London Economics. The work informs Ofcom about how behavioural and experimental economics can assist regulators in understanding consumer behaviour. The research implemented a controlled economic experiment which considered a number of options for improving the understanding of consumers when choosing telecommunication services funded through […]
Road Testing of Consumer Remedies
| Published: | July, 2009 |
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Office of Fair Trading, London, July 9, 2009.
Behavioural Economics and Experimental Economics
| Published: | October, 2008 |
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This Economic Brief explains what behavioural and experimental economics are, giving examples of real world policy applications.
An Experimental Test of Design Alternatives for the British 3G / UMTS Auction
| Published: | January, 2002 |
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In spring 2000, the British government auctioned off licences for Third Generation mobile telecommunications services. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and […]