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Cited by 231

The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.

Contextual Inference in Markets: On the Informational Content of Product Lines

Kamenica, Emir·2008·American Economic Review
DOI 10.1257/aer.98.5.2127
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Abstract

Context can influence decisions. This malleability of choice is usually invoked as evidence that people do not maximize stable preference orderings. In a market equilibrium, however, context conveys payoff-relevant information to consumers. Consequently, these consumers rationally violate naïve formulations of standard choice theoretic principles. I identify informational asymmetries under which apparently anomalous behaviors, namely the compromise effect and choice overload, arise as market equilibria. Firms respond to consumers' contextual inference; in case of the compromise effect, a firm may introduce premium loss leaders (expensive goods of overly high quality that increase the demand for other goods). (JEL D11, D83, M31)

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Metadata

Authors
Kamenica, E.
Venue
American Economic Review
Publisher
American Economic Association
Published
2008-11-01
Volume
98
Issue
5
Pages
2127-2149
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.98.5.2127
OpenAlex
W2033676662
Cited by
231
References
9
FWCI
6.98
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Contextual Inference in Markets: On the Informational Content of Product Lines. https://app.cochat.ai/papers/10.1257/aer.98.5.2127
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Kamenica, E. (2008). Contextual Inference in Markets: On the Informational Content of Product Lines. American Economic Review. https://doi.org/10.1257/aer.98.5.2127

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.