Diagnosing consumer confusion and sub-optimal shopping effort: Theory and mortgage-market evidence

American Economic Review

Volumn 102, Issue 7, 2012, Pages 3249-3276

  Woodward, Susan E ^a   Hall, Robert E ^b  

^a Sand Hill Imaging Center   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84866312639     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.102.7.3249     Document Type: Article

References (15)

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3. Cebul, Randall D., James B. Rebitzer, Lowell J. Taylor, and Mark E. Votruba. 2011. "Unhealthy Insurance Markets: Search Frictions and the Cost and Quality of Health Insurance." American Economic Review 101 (5): 1842-71.
4. Federal Reserve Board. 2009. "Design and Testing of Truth-in-Lending Disclosures for Closed-End Mortgages." http://www.federalreserve.gov/ newsevents/press/bcreg/bcreg20081218a7.pdf.
5. Hall, Robert E., and Alan B. Krueger. 2012. "Evidence on the Incidence of Wage Posting, Wage Bargaining, and On-the-Job Search." American Economic Journal: Macroeconomics 4 (4): 56-67.
6. Hong, Han, and Matthew Shum. 2006. "Using Price Distributions to Estimate Search Costs." RAND Journal of Economics 37 (2): 257-75.
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8. Koenker, Roger, and Kevin F. Hallock. 2001. "Quantile Regression." Journal of Economic Perspectives 15 (4): 143-56.
9. Lacko, James, and Janis Pappalardo. 2007. "Improving Consumer Mortgage Disclosures." Federal Trade Commission Bureau of Economics Staff Report. http://www.ftc.gov/os/2007/06/P025505MortgageDisclosureReport.pdf.
10. McAfee, R. Preston, and John McMillan. 1988. "Search Mechanisms." Journal of Economic Theory 44 (1): 99-123.
11. Moraga-González, José Luis. 2006. "Estimation of Search Costs." Unpublished.
12. Mortensen, Dale T., and Christopher A. Pissarides. 1994. "Job Creation and Job Destruction in the Theory of Unemployment." Review of Economic Studies 61 (3): 397-415.
13. US Census Bureau. 2001. "American Housing Survey." htpp://www.census.gov/hhes/www/housing/ahs/ahs01-2000wts/tab315.html.
14. Woodward, Susan. 2008. A Study of Closing Costs for FHA Mortgages, (prepared for HUD by the Urban Institute). http://www.huduser.org/Publications/ pdf/FHA-closing-cost.pdf.
15. Woodward, Susan E., and Robert E. Hall. 2012. "Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence: Dataset." American Economic Review. http://dx.doi.org/10.1257/aer.102.7. 3249.