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The Economics of Bitcoins -- Market Characteristics and Price Jumps
Gronwald, Marc - 2015
This paper deals with the economics of Bitcoins in two ways. First, it broadens the discussion on how to capture Bitcoins using economic terms. Center stage in this analysis take the discussion of some unique characteristics of this market as well as the comparison of Bitcoins and gold. Second,...
Persistent link: https://www.econbiz.de/10013030485
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Selling Strategic Information in Digital Competitive Markets
Bounie, David - 2018
This paper investigates the strategies of a data broker in selling information to one or to two competing firms that can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information structure) to sell to firms that implement third-degree...
Persistent link: https://www.econbiz.de/10012914903
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Willingness-to-Pay and Willingness-to-Accept Are Probably Less Correlated Than You Think
Chapman, Jonathan - 2017
, such as Prospect Theory and Stochastic Reference Dependence, only under very specific, and unlikely, correlational …
Persistent link: https://www.econbiz.de/10012953937
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'Institutionalization Aversion' and the Willingness to Pay for Home Health Care
Costa-Font, Joan - 2017
We examine the presence of a systematic preference for independent living at old age which we refer as “institutionalization aversion” (IA). Given that IA is not observable from revealed preferences, we draw on a survey experiment to elicit individuals' willingness to pay (WTP) to avoid...
Persistent link: https://www.econbiz.de/10012942377
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The Impact of Losing in a Competition on the Willingness to Seek Further Challenges
Buser, Thomas - 2014
How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...
Persistent link: https://www.econbiz.de/10013049206
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Statistical vs. Identified Lives in Benefit-Cost Analysis
Hammitt, James K. - 2013
Economic evaluation of projects involving changes in mortality risk conventionally assumes that lives are statistical, i.e., that risks and policy-induced changes in risk are small and similar among a population. In reality, baseline mortality risks and policy-induced changes in risk often...
Persistent link: https://www.econbiz.de/10012753987
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The Value of a Statistical Life Under Ambiguity Aversion
Treich, Nicolas - 2021
We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived baseline mortality risk, and thus operates as the "dead...
Persistent link: https://www.econbiz.de/10013316532
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Net Neutrality and Internet Fragmentation : The Role of Online Advertising
D'Annunzio, Anna - 2015
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market …, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs), and CPs sell consumers … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …
Persistent link: https://www.econbiz.de/10013017710
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How Social Reputation Networks Interact with Competition in Anonymous Online Trading : An Experimental Study
Bolton, Gary E. - 2014
Many Internet markets rely on quot;feedback systemsquot;, essentially social networks of reputation, to facilitate …
Persistent link: https://www.econbiz.de/10012751561
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The Digital Services Tax as a Tax on Location-Specific Rent
Cui, Wei - 2019
In 2018, the European Council and the UK and Spanish governments each proposed to introduce a Digital Services Tax (DST), to be levied on the revenue of large digital platform companies earned from advertising, online intermediation, and/or the transmission of data. We offer a rationalization of...
Persistent link: https://www.econbiz.de/10012894237