Showing 1 - 10 of 1,087
With a large nationwide retailer, we run a natural field experiment to measure the effects of energy use information … comply only partially with the experiment, targeting information at more interested consumers but not discussing energy …
Persistent link: https://www.econbiz.de/10012458616
We use a theory of apologies to design a nationwide field experiment involving 1.5 million Uber ridesharing consumers … who experienced late rides. Several insights emerge from our field experiment. First, apologies are not a panacea: the …
Persistent link: https://www.econbiz.de/10012479628
We study the performance of small retail sales teams facing an incentive scheme that includes both a lump sum bonus and multiple accelerators (kinks where the piece rate jumps upward). Consistent with standard labor supply models, we find that the presence of an attainable bonus or kink on a...
Persistent link: https://www.econbiz.de/10012482702
In a search model, prospects encounter salespeople who can try to persuade them. Persuasive messages can increase the … utility of buying or increase the cost of not buying. The latter reduces welfare. Equilibria where only some salespeople make … a persuasive effort often exist. Salespeople vary in their empathy, and choose their jobs accordingly. When all …
Persistent link: https://www.econbiz.de/10012462677
This study considers the role that seller motivation plays in determining sales price and selling time. We find that sale prices are directly related to the estimated value of the property and to the amount of over-pricing, which is directly related to the seller's level of motivation. Further,...
Persistent link: https://www.econbiz.de/10012473818
Sales agents are impatient relative to owners. If a good fails to sell, the owner still retains possession of that good and can enjoy its services, whereas the agent receives nothing. As a consequence, sales agents prefer a lower price than does an owner. Owners are therefore reluctant to...
Persistent link: https://www.econbiz.de/10012458136
data from a pre-registered experiment that encouraged 3.1 million bank customers to save via SMS messages and train a …
Persistent link: https://www.econbiz.de/10012585440
Disclosure--the practice of providing information to support decision making--has been widely mandated in public policy but is routinely ignored by consumers and subject to obfuscation by firms. Yet most evidence on the effectiveness of consumer financial disclosure stems from lab experiments...
Persistent link: https://www.econbiz.de/10012479669
costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short …
Persistent link: https://www.econbiz.de/10012479794
We conduct two lab experiments and one field experiment to investigate demand for consumption agency in married couples …
Persistent link: https://www.econbiz.de/10012480630