When oligopolies confuse consumers, beware the rise of confusopoly

Nicolle, Ambre, Genakos, Christos and Kretschmer, Tobias (2021) When oligopolies confuse consumers, beware the rise of confusopoly. LSE Business Review (08 Dec 2021). Blog Entry.

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Abstract

Confusing consumers can be profitable for companies, in particular in a competitive market where they can hardly increase their prices without losing their consumers. Ambre Nicolle, Christos Genakos, and Tobias Kretschmer study the UK mobile telecommunications market before the introduction of 4G services – and find evidence that mobile operators decreased the transparency of their mobile plans, creating confusion to consumers and at the same time successfully managed to increase prices.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2021 The Authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	21 Jan 2022 13:45
Last Modified:	14 Sep 2024 03:21
URI:	http://eprints.lse.ac.uk/id/eprint/113220

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