Essays in behavioral industrial organization

  • Kenan Kalayci Kenan Kalayci

This thesis aims to make an empirical contribution to the behavioral industrial organization literature. The purpose of the thesis is to examine the implications of bounded rationality of buyers for market outcomes. In particular, I examine how complexity affects buyers’ ability to make choices and whether sellers have incentives to supply excess complexity in markets. In this regard, I examine how prices and buyer surplus are affected by complexity in markets and also analyze the effects of increased competition in these markets where sellers can obfuscate buyers using complexity.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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