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Crowdfunding, Cascades and Informed Investors
Parker, Simon C. - Institute for the Study of Labor (IZA) - 2014
are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not …
Persistent link: https://www.econbiz.de/10010747357
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The Good, the Bad and the Naive: Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?
Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2012
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce … "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10011279266
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Do Wealthier Households Save More? The Impact of the Demographic Factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard - Institute for the Study of Labor (IZA) - 2012
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10010550528
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Guilt from Promise-Breaking and Trust in Markets for Expert Services: Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institute for the Study of Labor (IZA) - 2010
to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert’s … provision and charging decisions. We argue that the expert’s promise induces a commitment that triggers guilt if the promise is … broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most …
Persistent link: https://www.econbiz.de/10008529143
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Referral Incentives in Crowdfunding
Naroditskiy, Victor; Stein, Sebastian; Tonin, Mirco; … - Institute for the Study of Labor (IZA) - 2014
experiment that compares incentive mechanisms for encouraging social media shares to support a given cause. Our experiment takes …
Persistent link: https://www.econbiz.de/10010959716
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A Model of NGO Regulation with an Application to Uganda
Burger, Ronelle; Dasgupta, Indraneel; Owens, Trudy - Institute for the Study of Labor (IZA) - 2011
We develop a model of regulation of service-delivery NGOs, where future grants are conditional on prior spending of some minimal proportion of current revenue on direct project-related expenses. Such regulation induces some NGOs to increase current project spending, but imposes wasteful costs of...
Persistent link: https://www.econbiz.de/10009403389
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Redistributive Taxation and Personal Bankruptcy in US States
Grant, Charles; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2005
Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and...
Persistent link: https://www.econbiz.de/10005822652
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Framing Effects in an Employee Savings Scheme: A Non-Parametric Analysis
Kooreman, Peter; Melenberg, Bertrand; Prast, Henriëtte M. - Institute for the Study of Labor (IZA) - 2013
Studies have found evidence that seemingly irrelevant details of an income component such as its label have an effect on how it is used. Using a data set with more than one million employee-month observations, we investigate the role of functional form assumptions and time aggregation in the...
Persistent link: https://www.econbiz.de/10010604672
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Generational Accounting, Solidarity and Pension Losses
Teulings, Coen N.; Vries, Casper G. de - Institute for the Study of Labor (IZA) - 2003
The creeping stock market collapse eroded the wealth of funded pension systems. This led to political tensions between generations due to the fuzzy definition of property rights on the pension funds wealth. We argue that this problem can best be resolved by the introduction of generational...
Persistent link: https://www.econbiz.de/10005761958
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Shifting Perspectives in Pensions
Góra, Marek; Palmer, Edward - Institute for the Study of Labor (IZA) - 2004
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10005703380