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This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....
Persistent link: https://www.econbiz.de/10008560393
Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...
Persistent link: https://www.econbiz.de/10011167199
Word-of-mouth, referral, or viral marketing is a highly sought-after way of advertising. We undertake a field experiment that compares incentive mechanisms for encouraging social media shares to support a given cause. Our experiment takes place on a website set up to promote a fundraising drive...
Persistent link: https://www.econbiz.de/10010959716
Loss aversion, the fact that losses have a greater impact than gains, is a fundamental property of behavioral accounts of choice. In this paper, we suggest four possible characterizations of the relative impact of losses and gains: (1) It could be a constant, such as the much cited value of 2,...
Persistent link: https://www.econbiz.de/10005703626
In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...
Persistent link: https://www.econbiz.de/10005011900
The Internet has the potential to reduce search frictions by allowing individuals to identify faster a larger set of …. This paper empirically examines the implications of Internet diffusion in the United States since the 1990s on one aspect … marriage markets. I also provide some suggestive evidence that Internet has likely crowded out other traditional meeting venues …
Persistent link: https://www.econbiz.de/10010887066
With the growth of the Internet, online job portals have become an important medium for job matching. This paper …
Persistent link: https://www.econbiz.de/10010959663
This paper analyses the effect of information disseminated by the Internet on voting behavior. We address endogeneity … in Internet availability by exploiting regional and technological peculiarities of the preexisting voice telephony … network that hinder the roll-out of fixed-line broadband infrastructure for high-speed Internet. We find small negative …
Persistent link: https://www.econbiz.de/10011279358
While the Internet has been found to reduce trading frictions in a number of other markets, existing research has … found that Internet job search (IJS) was associated with longer unemployment durations in 1998/2000 – using comparable data … about 25 percent. This finding is robust to controls for workers' AFQT scores and detailed indicators of Internet access …
Persistent link: https://www.econbiz.de/10009293739
Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects …-owned telecommunication provider in the 1990s that still hinders broadband Internet access for many households. We find no evidence that the …
Persistent link: https://www.econbiz.de/10009416938