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The Own and Social Effects of an Unexpected Income Shock
Kuhn, Peter; Kooreman, Peter; Soetevent, Adriaan R.; … - 2008
Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMWto lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors.Consistent with the life-cycle hypothesis, the effects on winners’...
Persistent link: https://www.econbiz.de/10010325666
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The own and social effects of an unexpected income shock
Kuhn, Peter Joseph; Kooreman, Peter; Soetevent, Adriaan R. - 2010 - Rev. May 5, 2010
Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMWto lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors.Consistent with the life-cycle hypothesis, the effects on winners’...
Persistent link: https://www.econbiz.de/10011374379
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(Non-)Insurance Markets, Loss Size Manipulation and Competition - Experimental Evidence
Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016
markets with small initial loss sizes, insurers may try to raise these in order to create demand for insurance. After having … defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not …
Persistent link: https://www.econbiz.de/10011526110
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(Non-)insurance markets, loss size manipulation and competition : experimental evidence
Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016
markets with small initial loss sizes, insurers may try to raise these in order to create demand for insurance. After having … defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not …
Persistent link: https://www.econbiz.de/10011456744
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How Consumers use Gift Certificates
Felso, Flora; Soetevent, Adriaan R. - 2012
There are two important reasons for consumers to spend gift certificates differently than gifts in cash or non-gift income: a) they are forced to change their shopping pattern because of the conditions imposed by the issuer of the certificates, or b) they purposely separate gift certificates...
Persistent link: https://www.econbiz.de/10010326484
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Risk and Loss Aversion, Price Uncertainty and the Implications for Consumer Search
Soetevent, Adriaan R.; Bruzikas, Tadas - 2016
Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk attitudes? We study how in a problem of sequential search with costless recall the relation between a consumer's willingness to pay for continued search and the level of price...
Persistent link: https://www.econbiz.de/10011526126
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Risk and loss aversion, price uncertainty and the implications for consumer search
Soetevent, Adriaan R.; Bruzikas, Tadas - 2016
Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk attitudes? We study how in a problem of sequential search with costless recall the relation between a consumer's willingness to pay for continued search and the level of price...
Persistent link: https://www.econbiz.de/10011520488
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How Consumers Use Gift Certificates
Felsö, Flóra A. - 2012
There are two important reasons for consumers to spend gift certificates differently than gifts in cash or non-gift income: a) they are forced to change their shopping pattern because of the conditions imposed by the issuer of the certificates, or b) they purposely separate gift certificates...
Persistent link: https://www.econbiz.de/10013113008
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How consumers use gift certificate
Felső, Flóra; Soetevent, Adriaan R. - 2012
Persistent link: https://www.econbiz.de/10010191025
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Loss Modification Incentives for Insurers under Expected Utility and Loss Aversion
Soetevent, Adriaan R.; Zhou, Liting - 2014
Given the possibility to modify the probability of a loss, will a profit-maximizing insurer engage in loss prevention or is it in his interest to increase the loss probability? This paper investigates this question. First, we calculate the expected profit maximizing loss probability within an...
Persistent link: https://www.econbiz.de/10010491345