Behavioral Economics in Competition Policy: Going Beyond Inertia and Framing Effects

Most applications of behavioral economics in competition policy focus on consumer inertia and framing effects. We believe that behavioral economics may have even more to offer than the competition community has applied to date and identify two areas in behavioral economics that could benefit the field of competition. The first is the relationship between competition and obfuscation (i.e. efforts to frustrate consumer search). Such practices could aid collusion and thus limit competition. Convers