Narrow search
Showing 1 - 10 of 157
Cover Image
Platform Information Provision and Consumer Search : A Field Experiment
Fang, Lu; Chen, Yanyou; Farronato, Chiara; Yuan, Zhe; … - National Bureau of Economic Research - 2024
rolled out with a long-run experiment, which allows us to measure its short-run and long-run effects. We find that, although …
Persistent link: https://www.econbiz.de/10014486191
Cover Image
Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency
La Nauze, Andrea; Myers, Erica - National Bureau of Economic Research - 2023
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …
Persistent link: https://www.econbiz.de/10014372499
Cover Image
Consumer Vulnerability and Behavioral Biases
Fang, Hanming - 2020
market equilibrium, and focus on the role of risk aversion and intertemporal elasticity of substitution (IES). We measure … vulnerability to all four commonly studied behavioral biases has a non-monotonic relationship with risk aversion or IES. This is in … the risk aversion or IES. We also consider a setting of biased agents with Epstein-Zin preferences to isolate the effect …
Persistent link: https://www.econbiz.de/10012482340
Cover Image
Equity Premia with Benchmark Levels of Consumption : Closed-Form Results
Abel, Andrew B. - 2006
I calculate exact expressions for risk premia, term premia, and the premium on levered equity in a framework that …
Persistent link: https://www.econbiz.de/10012466378
Cover Image
Attention Variation and Welfare : Theory and Evidence from a Tax Salience Experiment
Taubinsky, Dmitry - 2016
implement an online shopping experiment in which 2,998 consumers purchase common household products, facing tax rates that vary …
Persistent link: https://www.econbiz.de/10012456134
Cover Image
Do Consumers Exploit Precommitment Opportunities? Evidence from Natural Experiments Involving Liquor Consumption
Bernheim, B. Douglas - 2012
This paper provides evidence concerning the extent to which consumers of liquor employ commitment devices. One widely recommended commitment strategy is to regulate alcohol consumption by deliberately manipulating availability. The paper assesses the prevalence of the "availability strategy" by...
Persistent link: https://www.econbiz.de/10012460897
Cover Image
Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
Persistent link: https://www.econbiz.de/10012461749
Cover Image
The Role of Repugnance in Markets : How the Jared Fogle Scandal Affected Patronage of Subway
Cawley, John H.; Eddelbuettel, Julia; Cunningham, Scott; … - National Bureau of Economic Research - 2023
Economics has long studied how consumers respond to the disclosure of information about firms. We study a case in which the disclosed information is unrelated to the product or firm leadership, but which could still potentially affect consumer patronage through the mechanism of repugnance, as...
Persistent link: https://www.econbiz.de/10014421207
Cover Image
You Can Lead a Horse to Water : Spatial Learning and Path Dependence in Consumer Search
Hodgson, Charles; Lewis, Gregory - National Bureau of Economic Research - 2023
We develop and estimate a model of consumer search with spatial learning. Consumers make inferences from previously searched objects to unsearched objects that are nearby in attribute space, generating path dependence in search sequences. The estimated model rationalizes patterns in data on...
Persistent link: https://www.econbiz.de/10014372454
Cover Image
Paternalism and Psychology
Glaeser, Edward L. - 2005
Does bounded rationality make paternalism more attractive? This Essay argues that errors will be larger when suppliers have stronger incentives or lower costs of persuasion and when consumers have weaker incentives to learn the truth. These comparative statics suggest that bounded rationality...
Persistent link: https://www.econbiz.de/10012466882