Similar Search Results

Do Consumers Search for the Highest Price? Equilibrium and Monopolistic Optimum in Differentiated Products Markets

Schulz, Norbert; Stahl, Konrad - C.E.P.R. Discussion Papers - 1995

We develop a model of search among substitutes for the best combination of commodity variant and price, in which the … structure of search costs can be manipulated by the suppliers of these variants, e.g. by joining an existing market or opening a …

Persistent link: https://www.econbiz.de/10005136540

Informational Overshooting, Booms and Crashes

Zeira, Joseph - C.E.P.R. Discussion Papers - 1993

This paper offers an informational explanation for asset price booms and crashes. If market fundamentals change, but the length of this process of change is unknown, market participants try to learn about it by observing market outcomes. This learning generates a boom and a crash, which we call...

Persistent link: https://www.econbiz.de/10005504406

Discount Pricing

Armstrong, Mark; Chen, Yongmin - C.E.P.R. Discussion Papers - 2013

options, and there is less incentive to search. We also discuss a behavioral model where the propensity to buy increases when …

Persistent link: https://www.econbiz.de/10011083448

Search Costs, Demand-Side Economies and the Incentives to Merge under Bertrand Competition

Moraga-González, José-Luis; Petrikaite, Vaiva - C.E.P.R. Discussion Papers - 2013

search sequentially for satisfactory deals. In the pre-merger symmetric equilibrium, consumers visit firmsrandomly. However … non-merging stores, and only when they do not find a satisfactory product there they visit the merging firms. As search … products of the constituent firms, which generates sizable search economies. We show that such demand-side economies can confer …

Persistent link: https://www.econbiz.de/10011083482

Looking Beyond the Incumbent: The Effects of Exposing Corruption on Electoral Outcomes

Chong, Alberto; De La O, Ana; Karlan, Dean S.; … - C.E.P.R. Discussion Papers - 2012

Does information about rampant political corruption increase electoral participation and the support for challenger parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if there is consistent evidence suggesting that voters...

Persistent link: https://www.econbiz.de/10011084114

Stop watching and start listening! The impact of coaching and peer observation in tournaments

Eisenkopf, Gerald; Friehe, Tim - In: Journal of Economic Psychology 45 (2014) C, pp. 56-70

This paper uses experimental data to analyze how competitive behavior is influenced by coaching and peer observation. We study behavior in a sequential contest, considering information about the effort level of subjects in other contests (observation of peers) and information about the...

Persistent link: https://www.econbiz.de/10011117230

Consumer Search and Prices in the Automobile Market

Moraga-González, José-Luis; Sándor, Zsolt; … - C.E.P.R. Discussion Papers - 2015

demand with optimal consumer search. Consumers first choose which products to search; then, once they learn the utility they … characteristics but also from variation in the costs of searching them. We apply the model to the automobile industry. Our search cost … estimate is highly significant and indicates that consumers conduct a limited amount of search. Estimates of own- and cross …

Persistent link: https://www.econbiz.de/10011201362

The strategy of manipulating joint decision-making

Kim, Jin Yeub; Kwon, Heung Jin - In: Economics Letters 123 (2014) 2, pp. 127-130

We study a model of strategic persuasion based on the theory of cheap talk, in which a better-informed agent manipulates two decision-makers’ joint decision on alternative proposals. With the heterogeneity of two decision-makers’ value of the outside option, only the decision-maker with the...

Persistent link: https://www.econbiz.de/10010906368

Signs and (counter)signals of trustworthiness

Gambetta, Diego; Székely, Áron - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 281-297

When we become aware that our past actions carry information about qualities that we possess or lack, which others use to decide how to deal with us, are we unconcerned, content to rely on what we have done, or do we take action to alter this information? We study this question experimentally...

Persistent link: https://www.econbiz.de/10011048230

Growth forecasts, belief manipulation and capital markets

Lundtofte, Frederik; Leoni, Patrick - In: European Economic Review 70 (2014) C, pp. 108-125

We analyze how a benevolent, privately informed government agency would optimally release information about the economy׳s growth rate when the agents hold heterogeneous beliefs. We model two types of agent: “conforming” and “dissenting.” The former has a prior that is identical to that...

Persistent link: https://www.econbiz.de/10011048632