markets, competition, price discrimination, behaviour, intertemporal choices, present bias, consumer welfare
Consumers in the mobile phone, broadband, cash savings, home insurance and mortgage markets typically sign up to make regular payments (often monthly) for a fixed period (typically 12, 18 or 24 months). For example, many firms in the telecommunication sector currently offer 18-month contracts for superfast fibre broadband at a price of around £25 per month.
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