Showing 1 - 10 of 16
impatience are found to be significant predictors of health-related field behavior, saving decisions and conduct at school. In … preferences ; health status ; savings ; conduct at school ; external validity …
Persistent link: https://www.econbiz.de/10009375050
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10010199693
Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of fraud and to examine the...
Persistent link: https://www.econbiz.de/10009127565
Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...
Persistent link: https://www.econbiz.de/10012120255
We present a field experiment in which we set up a call-center to study how the productivity of workers is affected if … such confounds and to measure productivity changes of unaffected workers in a clean way, we create an environment where … different control treatments, we find that, in the layoff treatment, the productivity of the remaining, unaffected workers drops …
Persistent link: https://www.econbiz.de/10011757773
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012260969
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014261310
Persistent link: https://www.econbiz.de/10000831002
"This paper tests the importance of precautionary and mercantilist motives in accounting for the hoarding of international reserves by developing countries, and provides a model that quantifies the welfare gains from optimal management of international reserves. While the variables associated...
Persistent link: https://www.econbiz.de/10003303565
Persistent link: https://www.econbiz.de/10003303790