We study the role of inattention as a key source inertia in health plan choices. Our structural model shows that more than 90% elderly Switzerland are inattentive and thus stick to their previous plan. estimate sizeable switching costs even conditional on attention explaining part observed choice persistence. Inattention leads overspending generates considerable welfare losses for most consumer...

We model digital platforms as attention brokers that have proprietary information about their users’ product preferences and sell targeted ad space to retail industries. Retail producers—incumbents or entrants—compete for access this bottleneck. discuss when increased concentration among results in a tightening of the bottleneck, leading higher prices, fewer ads being sold entrants, lower consu...

We document that the expectations of households, firms, and professional forecasters in standard surveys simultaneously extrapolate from recent events underreact to new information. Existing models expectation formation, whether behavioral or rational, cannot account for these observations. develop a rational theory extrapolation based on limited attention, which is consistent with this evidenc...

The breathtaking pace of global economic integration owes in large part to the globalization of economic thought embodied in general free market principles. Cautionary tales of the perils of free trade are often just that, cautionary. Most such authors are not against free trade per se; instead they attempt to draw attention to the need for the creation of institutions that can support such trade.

the main goal of this study was to evaluate the possible effect of whole-body magnetic field(mf) exposure on the variations of corticosterone, free-t3, free-t4 and malonyl dialdehyde inplasma in 48 adult white new zealand male rabbits. animals were divided into six groups namely,c1 (normal diet, not exposed), c2 (normal diet, sham exposed), t1 (normal diet, exposed toelectromagnetic field), c3 ...