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Shop Around and You Pay More
Yan, Ji - 2014
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10013047319
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Shop Around and You Pay More
Yan, Ji; Tian, Kun; Dixon, Huw D.; Heravi, Saeed; … - CESifo - 2014
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10010888454
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A Theory of Government Procrastination
Furusawa, Taiji; Lai, Edwin L.-C. - CESifo - 2011
We present a theory to explain government procrastination as a consequence of its present-bias resulting from the … to be present-biased. This may lead to inefficient procrastination of socially beneficial policies that carry upfront … costs but yield long-term benefits. However, procrastination is often not indefinite even as we consider an infinite …
Persistent link: https://www.econbiz.de/10009399664
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Emotions and Political Unrest
Passarelli, Francesco; Tabellini, Guido - CESifo - 2013
This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a...
Persistent link: https://www.econbiz.de/10010631771
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Teamwork as a Self-Disciplining Device
Fahn, Matthias; Hakenes, Hendrik - CESifo - 2014
We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is too low from the perspective of an...
Persistent link: https://www.econbiz.de/10011099758
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A Theory of Crowdfunding - A Mechanism Design Approach with Demand Uncertainty and Moral Hazard
Strausz, Roland - 2016
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost information threatens this benefit. Despite these threats,...
Persistent link: https://www.econbiz.de/10012979605
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Sales Performance and Social Preferences
Essl, Andrea; von Bieberstein, Frauke; Kosfeld, Michael; … - 2021
We use an incentivized experimental game to uncover heterogeneity in other-regarding preferences among salespeople in a large Austrian retail chain. Our results show that the majority of agents take the welfare of others into account but a significant fraction reveals self-regarding behavior....
Persistent link: https://www.econbiz.de/10013315418
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Rank Dependent Utility, Tax Evasion and Labor Supply
Eide, Erling - 2010
In the simple Allingham-Sandmo portfolio model of tax evasion an expected utility maximizer will cheat more than what is estimated in empirical studies. Two main types of explanation have been suggested as solutions to this puzzle: (1) Tax payers act according to some non-expected utility...
Persistent link: https://www.econbiz.de/10013136684
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Conspicuous Consumption and Communism : Evidence from East and West Germany
Friehe, Tim - 2012
This paper investigates the influence of the political regime on the relative importance of conspicuous consumption. We use the separation of Germany into the communist GDR and the democratic FRG and its reunification in 1990 as a natural experiment. Relying on household data that are...
Persistent link: https://www.econbiz.de/10013100938
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Evidence on Individual Preferences for Longevity Risk
Delprat, Gaëtan - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10013082967