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Che, Yeon-Koo; Dessein, Wouter; Kartik, Navin - C.E.P.R. Discussion Papers - 2010

A principal chooses one of n=2 projects or an outside option. An agent is privately informed about the projects' benefits and shares the principal's preferences except for not internalizing her value from the outside option. We show that strategic communication is characterized by pandering: the...

Persistent link: https://www.econbiz.de/10008466340

On the Strategic Use of Attention Grabbers

Eliaz, Kfir; Spiegler, Ran - C.E.P.R. Discussion Papers - 2010

When a firm decides which products to offer or put on display, it takes into account the products' ability to attract attention to the brand name as a whole. Thus, the value of a product to the firm emanates from the consumer demand it directly meets, as well as the indirect demand it generates...

Persistent link: https://www.econbiz.de/10008468565

Consideration Sets and Competitive Marketing

Eliaz, Kfir; Spiegler, Ran - C.E.P.R. Discussion Papers - 2009

We study a market model in which competing firms use costly marketing devices to influence the set of alternatives which consumers perceive as relevant. Consumers in our model are boundedly rational in the sense that they have an imperfect perception of what is relevant to their decision...

Persistent link: https://www.econbiz.de/10008528545

Vague Lies: How to Advise Consumers When They Complain

Drugov, Mikhail; Troya Martinez, Marta - C.E.P.R. Discussion Papers - 2012

This paper analyzes the incentives of a seller to provide (un)biased and (im)precise advice about a complex product such as insurance, banking and telecommunication services. Misleading the buyers by biasing the advice upwards increases the revenues but also the expected fine imposed by the...

Persistent link: https://www.econbiz.de/10011083992

Too Old to Work, Too Young to Retire?

Ichino, Andrea; Schwerdt, Guido; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2007

We use firm closure data from social security records for Austria 1978-1998 to investigate the effect of age on employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non-displaced workers. We then use a difference-in-difference strategy to...

Persistent link: https://www.econbiz.de/10005666404

Ageing and the Economy: Historical Issues

Thane, Pat - C.E.P.R. Discussion Papers - 1984

current and future policy discussions. It describes the aging of the British population over this century, the reasons and … major effects: the aging of the workforce, increasing numbers over retirement age, especially since the nineteen fifties …

Persistent link: https://www.econbiz.de/10005667008

Postponing Retirement: the Political Push of Aging

Galasso, Vincenzo - C.E.P.R. Discussion Papers - 2006

Conventional economic wisdom suggests because of the aging process, social security systems will have to be retrenched … under aging in France, Italy, the UK, and the US. Simulations for the year 2050 steady state demographic, economic and … negative income effect induced by aging, which reduces the profitability of the existing social security system, and thus the …

Persistent link: https://www.econbiz.de/10005792455

Consistency in Simple vs. Complex Choices over the Life Cycle

Brocas, Isabelle; Carrillo, Juan D; Combs, T. Dalton; … - C.E.P.R. Discussion Papers - 2015

Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older …

Persistent link: https://www.econbiz.de/10011186610

The Economic Consequences of Population Ageing in Advanced Societies

Johnson, Paul A - C.E.P.R. Discussion Papers - 1988

The aging of the populations of all developed nations over the next 40 years will have an important impact on welfare … developments into the next century. A range of possible policy responses to the increased cost of an aging population is considered … slight; the most effective way of coping with the cost of an aging population is by ensuring that the long-run rate of …

Persistent link: https://www.econbiz.de/10005281401

Labour Force transitions of Older Married Couples in Germany

Blau, David; Riphahn, Regina - C.E.P.R. Discussion Papers - 1998

This study investigates the labour force behaviour of older married couples in Germany. Monthly observations from the first 11 waves of the German Socio-Economic Panel (GSOEP) are used to describe and analyse the relationship between the labour force behaviour of husbands and wives. The...

Persistent link: https://www.econbiz.de/10005656456