Price information asymmetry impact on optimal choice - RCBS market case study

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F15%3A50003877" target="_blank" >RIV/62690094:18450/15:50003877 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Price information asymmetry impact on optimal choice - RCBS market case study
Original language description
The information asymmetry influences the consumer behaviour in an undesirable and unpredictable way. This phenomenon is present on RCBS market regarding the information on price causing the unexpected consumer behaviour - suboptimal product choice regarding the price and the range of the demanded services. We study this phenomenon to identify main causes and its range. At first we present the main characteristics that increase the information asymmetry influence (low share on household expenditures) butalso decrease (close substitution). Then we present the outcome of European Union wide research identifying sources of information asymmetry. Then we describe our data source (RCBS comparison tools). Based on its dataset we compute the share of optimalchoices among the electronic banking users of the RCBS. We define the optimal choice as the lowest fees for the account that provides all the demanded services. The result is that the optimal share of the consumer choices of RCBS is as lo
Czech name
—
Czech description
—

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)