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| Author: | Polinsky, A.M. Rubinfeld, D.L. |
| Title: | The deadweight loss of coupon remedies for price overcharges |
| Journal: | Journal of Industrial Economics
2008 : JUN, VOL. 56:2, p. 402-417 |
| Index terms: | consumption consumers markets prices lawsuits models |
| Freeterms: | discount coupons |
| Language: | eng |
| Abstract: | Injured by price overcharges, consumers may be awarded coupons to be used for a limited time period to purchase the good at a price below that which prevails after the overcharge has been eliminated. Coupon remedies cause a deadweight loss by inducing excessive consumption by consumers with relatively low demand during the remedy period. The magnitude of the loss can be comparable to that caused by the price overcharge. As demand variability goes to zero, the deadweight loss from coupon remedies goes to zero. The loss is not eliminated by eliminating the expiration date for the coupons' usage. |
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