This chapter surveys the literature on behavioral industrial organization, covering four broad
topics:(1) how rational firms interact with consumers who make systematic mistakes in …

In the past few decades, economic analysis of law has been challenged by a growing body
of experimental and empirical studies that attest to prevalent and systematic deviations from …

We analyze the effectiveness of consumer financial regulation by considering the 2009
Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data …

Behavioral law and economics (BLE) has been broadly regarded in recent years as among
the most promising and exciting new developments in public policymaking theory and …

Consumers seldom read the form contracts that firms offer. This failure is said to cause two
problems. First, the consumer cannot be taken actually to consent to the legal relationship …

Finance startups are offering automated advice, touchless payments, and other products that
could bring great societal benefits, including lower prices and expanded access to credit …

A statement or action can be said to be manipulative if it does not sufficiently engage or
appeal to people's capacity for reflective and deliberative choice. One problem with …

In a growing number of consumer transactions today, firms exploit consumer confusion and
promote poor buying choices. The resulting transactions are often lousy, whether one uses …

We analyse conditions facilitating profitable deception in a simple model of a competitive
retail market. Firms selling homogenous products set anticipated prices that consumers …

The world's largest companies, including Apple, Google, and Microsoft, are racing to
develop artificially intelligent butlers (AIs). They aim to allow consumers to outsource the …