Construct · 1 fields · 1 citations

shrouded attributes: a standalone construct

One name. One construct. A landmark on the map.

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Economics

product costs such as add-ons that firms hide from myopic consumers, even in competitive markets.

In economics, shrouded attributes refers to product costs such as add-ons that firms hide from myopic consumers, even in competitive markets. This meaning comes from Gabaix (2006) in The Quarterly Journal of Economics.[1]

Unit
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Measured by

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Nearby constructs

product3 fields · 3 citationsjingle · one word, three constructs

References

Gabaix, X., & Laibson, D. (2006). Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets. The Quarterly Journal of Economics, 121(2), 505-540. https://doi.org/10.1162/qjec.2006.121.2.505

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