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Consumer search: evidence from path-tracking data

Pinna, Fabio; Seiler, Stephan - London School of Economics (LSE) - 2014

We estimate the effect of consumer search on the price of the purchased product in a physical store environment. We implement the analysis using a unique data set obtained from radio frequency identification tags, which are attached to supermarket shopping carts. This technology allows us to...

Persistent link: https://www.econbiz.de/10011126650

Anti-herding and strategic consultation

Levy, Gilat - London School of Economics (LSE) - 2004

decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public … information truthfully. Even if the advisers care only about the outcome, they bias their recommendation since they anticipate …

Persistent link: https://www.econbiz.de/10010928812

Self-confidence and survival

Bar-Isaac, Heski - London School of Economics (LSE) - 2001

We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...

Persistent link: https://www.econbiz.de/10010746467

Banking on trust: managing reputation risk in financial service organizations

Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2002

In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on … corrosive may present an occasion for creative management. We suggest that proactive reputation risk policies and practices are …

Persistent link: https://www.econbiz.de/10010746546

Strategic consultation in the presence of career concerns

Levy, Gilat - London School of Economics (LSE) - 2000

find that when agents are concerned about their reputation, consultation results in sub-optimal sharing of information …

Persistent link: https://www.econbiz.de/10010746684

The effect of health on consumption decisions in later life: evidence from the UK

Karagiannaki, Eleni - London School of Economics (LSE) - 2009

The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In principle, there are at least five alternative channels through which health may affect consumption and savings. Ill health may affect both consumption capacities and needs...

Persistent link: https://www.econbiz.de/10010884492

Efficiency and equilibrium when preferences are time-inconsistent

Luttmer, Erzo G. J.; Mariotti, Thomas - London School of Economics (LSE) - 2003

We consider an exchange economy with time-inconsistent consumers whose preferences are additively separable. When these consumers trade in a sequence of markets, their time-inconsistency may introduce a non-convexity that gives them an incentive to trade lotteries. If there are many consumers,...

Persistent link: https://www.econbiz.de/10010884660

A reconciliation of two alternative approaches towards buffer stock saving

Michaelides, Alexander - London School of Economics (LSE) - 2003

This paper shows that the two main models in the buffer stock saving literature can be nested in a model that varies the level of available social insurance. Equivalently, the assumption about the time series process for labor income (and social insurance during unemployment) is crucial in...

Persistent link: https://www.econbiz.de/10010745934

General properties of rational stock-market fluctuations

Mele, Antonio - London School of Economics (LSE) - 2004

Which pricing kernel restrictions are needed to make low dimensional Markov models consistent with given sets of predictions on aggregate stock-market fluctuations ? This paper develops theoretical test conditions addressing this and related reverse engineering issues arising within a fairly...

Persistent link: https://www.econbiz.de/10010746351

Looking ahead: subjective time perception and individual discounting

Bradford, W. David; Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2014

Time discounting is at the heart of economic decision-making. We disentangle hyperbolic discounting from subjective time perception using experimental data from incentive-compatible tests to measure time preferences, and a set of experimental tasks to measure time perception. The two behavioural...

Persistent link: https://www.econbiz.de/10011126346

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