GRIPS 政策研究センター Policy Research Center


2012/12/27 Report No:12-16

Default Effects, Transaction Costs, and Imperfect Information

  • Chris M. WilsonSchool of Business and Economics, Loughborough University
  • Luke GarrodSchool of Business and Economics, Loughborough University
  • Alistair Munro政策研究大学院大学
分野 経済学
言語 英語

We develop a decision framework with imperfect information to analyze the effects of transaction costs on the tendency for individuals to remain with a default option. We demonstrate how transaction costs can be a more important source of such default effects than commonly thought. A further, potentially surprising result shows that transaction costs are able to explain why some forms of default effects increase with the number of options.

キーワード Default effect; transaction cost; imperfect information.
添付ファイル 12-16.pdf