摘要:

The life insurance disclosure movement has focused almost entirely on point‐of‐sale disclosure, to the virtual exclusion of post‐sale disclosure. Life insurance companies are therefore under pressure to provide attractive point‐of‐sale information. Some of the methods used to achieve this objective adversely affect long‐time policyholders. Emphasis should be placed on the need for post‐sale disclosure, and policyholders should be educated on how to perform their own evaluations. Publicity should be given to companies whose actions improve the position of long‐time policyholders, and to companies whose actions adversely affect long‐t

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00686.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

An econometric household insolvency model was developed to explain the variation among states in nonbusiness bankruptcy rates. The model consisted of two equations with nonbusiness straight‐bankruptcy rates and Chapter XIII rates as the dependent variables. Higher divorce rates and percentages of a state's total credit offices which were finance companies were associated with higher nonbusiness straight‐bankruptcy rates. Higher percentages of a state's population between the ages of 25 and 34 and the existence of laws prohibiting wage garnishments were negatively related to nonbusiness straight‐bankruptcy rates.Higher percentages of Blacks, divorce rates, and credit offices per 100,000 population were associated with higher Chapter XIII rates. Also, the existence of Consumer Credit Counseling Services within a state's borders was associated with higher rates of Chapter XIII petitions. Finally, the existence of laws limiting wage garnishments was associated with lower Chapter XIII

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00687.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

This paper provides a description and evaluation of activities undertaken within the public participation program of the Federal Trade Commission. Telephone interviews were held with 46 funding recipients representing organizations with substantial memberships in an effort to determine the use and benefit of public participation monies. The survey suggests that the program is working reasonably well in that the vast majority of respondents characterized their involvement in rulemaking as only possible by virtue of receiving the grant money. The major criticisms of public participation programs are also reviewed along with their relationship to the results of this survey. Some suggestions for improving the implementation of public participation funding are explored.

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00688.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

The continuing debate concerning the valuation of human life has left the measurement of benefits from health and safety programs unresolved. This has important policy implications since a comparison of the costs and benefits of such programs is necessary if society is to use its limited resources in the most effective manner. This paper reviews various methods of life valuation including societal valuation, human capital and willingness to pay. The establishment of a set of criteria for assessing life valuation measures leads to the conclusion that foregone consumption might be an appropriate measure. This measure is not intended to reflect the value of life to the individual which may be incommensurable, but rather to represent the value of additional statistical life years to society as a whole.

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00689.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Longitudinal data on the availability and prices of two related products in a local market are used to assess the dynamic performance of the markets for these products. Consistent with prior research, a large degree of price dispersion was found for both products. There was some evidence of a modest reduction in price dispersion over time, and of the lowest quality models to “drop out” of the market. Store quality differences and likely search costs did not appear to explain the remaining dispers

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00690.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Appliance warranties can be considered to provide a market signal of appliance reliability. However, the cost to consumers of obtaining enough information to interpret the signal causes the dispersion of warranty provisions to be limited. The more complicated the laws surrounding warranties, the greater the cost to consumers of warranty information. This makes warranties less effective as a market signal and reduces the variation in warranty provisions. Upon examination, appliance warranties for refrigerators, air conditioners, ranges, clothes washing machines, and television sets were found, consistent with this view, to vary relatively little.

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00691.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

It is increasingly common for policy makers to evaluate product standards in cost‐benefit terms. However, such evaluations focus on the product itself rather than the product in use. The possible impact of the standard on consumers’ use of time is therefore overlooked. As a result, cost‐benefit relationships could be systematically misrepres

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00692.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Research has shown that consumers like large quantities of product information and believe that it helps them to make better purchase decisions. In light of this finding, it is quite possible that consumers might make brand choice decisions based on the amount of information provided. In cases where brands differ in amount of information, consumers may choose those brands that provide the most information. This article reports the results of exploratory research designed to examine this question as well as the effects of two information display types on brand choice in situations of varying information quantity. The findings revealed evidence to support the hypothesized consumer preference for high‐information brands over low‐information brands. The magnitude of the effect was also found to differ by type of information disp

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00693.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Although consumers tend to express positive attitudes toward nutrition labeling when questioned directly, research indicates that most people do not use the information to help them make purchase decisions. While direct usage rates may be low, there may, however, be non‐use benefits associated with the information. This article describes the findings from a laboratory experiment which employed an indirect and highly structured research method to study an important non‐use benefit. The results indicate that consumers have more favorable attitudes toward food products which supply more information on the la

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00694.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

Traditionally consumer researchers and consumer educators have made a distinction between objective and subjective evaluative criteria for consumer choice. This paper examines the validity of this distinction using data on consumers evaluative criteria for department stores. The study found evidence that consumers use evaluative dimensions composed of both subjective and objective evaluative criteria, suggesting that both types of information are necessary for choosing among department stores.

ISSN:0022-0078    

DOI:10.1111/j.1745-6606.1981.tb00695.x

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY