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Biglaiser, Gary; Crémer, Jacques; Dobos, Gergely - 2014

We consider a simple two period model where consumers have different switching costs. Before the market opens, there was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and show how the presence of low switching cost consumers...

Persistent link: https://www.econbiz.de/10010234544

The impact of newspapers on consumer confidence : does spin bias exist?

Alsem, Karel Jan; Brakman, Steven; Hoogduin, Lex H.; … - 2004

It is sometimes argued that news reports in the media suffer from biased reporting. Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlets̕ desire to affect reader opinions in a particular direction. The second bias,...

Persistent link: https://www.econbiz.de/10002521650

Pension funding and individual accounts in economies with life-cyclers and myopes

Fehr, Hans; Kindermann, Fabian - 2009

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...

Persistent link: https://www.econbiz.de/10003871957

Longitudinal analysis of generic substitution

Dalen, Dag Morten; Locatelli Biey, Marilena; Strøm, Steinar - 2010

cholesterol. The two brand-name products on the Norwegian markets were Provachol (atc code C10AA03) and Zocor (atc code C10AA01 … find that prices have a negative impact on transitions in the sense that an increase in the brand price will reduce the … transition from generics to brand and likewise an increase in the generic price will reduce the transition from brand to generics …

Persistent link: https://www.econbiz.de/10008697144

Hotelling competition with multi-purchasing : Time Magazine, Newsweek, or both?

Anderson, Simon P.; Foros, Oystein; Kind, Hans Jarle - 2010

Equilibrium prices behave quite differently if consumers single-purchase (buy either Time Magazine or Newsweek) or if some consumers multi-purchase (buy both). Prices are strategic complements under single-purchase, and increase with magazine quality. In a multi-purchase regime prices are...

Persistent link: https://www.econbiz.de/10003977969

Remittances, banking status and the usage of insurance schemes

Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010

Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique data set on the usage patterns of financial services...

Persistent link: https://www.econbiz.de/10003983213

Pay as you go : a new proposal for museum pricing

Frey, Bruno S.; Steiner, Lasse - 2010

Museums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and gaining international, regional or local prestige. Various pricing schemes are being discussed with the aim of reaching these goals. The classical ones are entry prices and free...

Persistent link: https://www.econbiz.de/10003997593

Playing with the good guys : a public good game with endogenous group formation

Brekke, Kjell Arne; Hauge, Karen Evelyn; Lind, Jo Thori; … - 2009

In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...

Persistent link: https://www.econbiz.de/10003850332

The political economy of sin taxes

Haavio, Markus; Kotakorpi, Kaisa Ilona - 2009

We analyse the determination of taxes on harmful goods when consumers have self-control problems. We show that under reasonable assumptions, the socially optimal corrective tax exceeds the average distortion caused by self-control problems. Further, we analyse how individuals with self-control...

Persistent link: https://www.econbiz.de/10003850338

Contracts, biases and consumption of access services

Leider, Stephen G.; Sahin, Ozge - 2012

We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...

Persistent link: https://www.econbiz.de/10009489036