Abstract
The Big Switch enabled the observation of over a hundred thousand ‘real’ switching decisions by participants in a collective switching exercise in 2012. This report presents some of the findings and early analysis. Our main initial findings are that:
1. The probability of switching rises with increases in the gains available;
2. Despite substantial gains available (median value around a tenth of the bill), and very little further effort required to switch, only a third of participants switched supplier;
3. Participants who saw two offers were less likely to switch than those who saw only one.
1. The probability of switching rises with increases in the gains available;
2. Despite substantial gains available (median value around a tenth of the bill), and very little further effort required to switch, only a third of participants switched supplier;
3. Participants who saw two offers were less likely to switch than those who saw only one.
| Original language | English |
|---|---|
| Publisher | Centre for Competition Policy |
| Number of pages | 52 |
| Publication status | Published - 2014 |