Do consumers switch to the best supplier?
Do consumers switch to the best supplier?
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消费者会转向最好的供应商吗?
DOI:
10.1093/oep/gpq006
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发表时间:
2010
期刊:
影响因子:
--
通讯作者:
Wilson C
中科院分区:
文献类型:
--
作者:
Wilson C
This paper demonstrates that the ability of consumers to choose the best alternative supplier is limited even in a relatively simple and transparent market. Across two independent datasets from the UK electricity market we find, on aggregate, that those consumers switching exclusively for price reasons appropriated less than a half of the gains available. While such outcomes can be explained by high search costs, the observation that at least 17% of consumers actually reduced their surplus as a result of switching cannot. We rule out an explanation of incorrect demand prediction, and test for others including mis-selling.