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in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. We find that urgency reduces … earlier when pressured. Anticipated regret does not affect search length (neither with nor without time pressure), while …
Persistent link: https://www.econbiz.de/10013224079
This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. From the simple dynamic auction model with IPV and private bidding costs...
Persistent link: https://www.econbiz.de/10013317322
very low costs of cancelling an initiated purchase process. In a field experiment with more than 34,000 consumers, we find …
Persistent link: https://www.econbiz.de/10012892110
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …
Persistent link: https://www.econbiz.de/10014358835
. A simple condition on response time distributions (a weaker version of first-order stochastic dominance) ensures that … necessarily generate data sets fulfilling our sufficient condition on response time distributions …
Persistent link: https://www.econbiz.de/10012892249
In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...
Persistent link: https://www.econbiz.de/10014358846
We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects, controlling for selection on observables through a...
Persistent link: https://www.econbiz.de/10013222202
hurricanes. We derive a simple test for structural state dependence based on the time-series of choice persistence for households …
Persistent link: https://www.econbiz.de/10014078199
Whether people seek or avoid risks on gambling, insurance, asset, or labor markets crucially depends on the skewness of the underlying probability distribution. In fact, people typically seek positively skewed risks and avoid negatively skewed risks. We show that salience theory of choice under...
Persistent link: https://www.econbiz.de/10012892170
This paper investigates the direct and indirect effects of others’ beliefs on respondents’ own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10013232412