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Perceived Wealth, Cognitive Sophistication and Behavioral Inattention

Assenza, Tiziana - 2020

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...

Persistent link: https://www.econbiz.de/10012845685

Perceived Precautionary Savings Motives : Evidence from FinTech

D'Acunto, Francesco - 2020

We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...

Persistent link: https://www.econbiz.de/10012840540

Home Price Expectations and Spending : Evidence from a Field Experiment

Chopra, Felix; Roth, Christopher; Wohlfart, Johannes - 2023

How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field …

Persistent link: https://www.econbiz.de/10014348144

Financial Literacy, Experimental Preference Measures and Field Behavior – a Randomized Educational Intervention

Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; … - 2023

-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that … persist for up to almost 5 years after our intervention. Behavior in the risk and time preference tasks is related to … financial behavior outside the lab, in particular spending patterns. This shows that teaching financial literacy affects …

Persistent link: https://www.econbiz.de/10014350763

The Welfare Effects of Persuasion and Taxation : Theory and Evidence from the Field

Rodemeier, Matthias - 2020

How much information should governments reveal to consumers if consumption choices have uninternalized consequences to society? How does an alternative tax policy compare to information disclosure? We develop a price theoretic model of information design that allows empiricists to identify the...

Persistent link: https://www.econbiz.de/10012834876

Environmental Policy with Green Consumerism

Ambec, Stefan - 2020

Is green consumerism beneficial to the environment and the economy? To shed light on this question, we study the political economy of environmental regulations in a model with neutral and green consumers where the latter derive some warm glow from buying a good of higher environmental quality...

Persistent link: https://www.econbiz.de/10012826061

Intermittency or Uncertainty? Impacts of Renewable Energy in Electricity Markets

Weber, Paige; Woerman, Matt - 2022

Renewable energy resources possess unique characteristics—intermittency and uncertainty— that pose challenges to electricity grid operations. We study these characteristics and find that uncertainty, represented by wind forecast error, has larger grid impacts than intermittency, or hourly...

Persistent link: https://www.econbiz.de/10013427688

UK Natural Gas: Gas-Specific or Oil Driven Pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

Persistent link: https://www.econbiz.de/10010328789

Achieving Sustainable Energy Security: 2030 Outlook for ASEAN, People Republic of China and India

Fan, Ying; Bhattacharyay, Biswa Nath - 2015

The rapid growth of ASEAN economies, the People’s Republic of China and India (called ACI henceforth) — major drivers of Asia and the world economy—during the last five decades has caused significant strains on their scarce resources, particularly energy and contributed to serious problems...

Persistent link: https://www.econbiz.de/10011307125

Energy Markets and Global Economic Conditions

Baumeister, Christiane; Korobilis, Dimitris; Lee, Thomas K. - 2020

This paper evaluates alternative indicators of global economic activity and other market fundamentals in terms of their usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of the most useful indicators that has been...

Persistent link: https://www.econbiz.de/10012214193