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Media treatment of monetary policy surprises and their impact on firms' and consumers' expectations

Pinter, Julien; Kočenda, Evžen - 2023

Do firms' and consumers' expectations react to central bank announcements? Past literature has come to divergent conclusions, but it has systematically ignored how media treat the announcements. This paper investigates the link between monetary policy announcements and expectations by taking...

Persistent link: https://www.econbiz.de/10014267174

Lifestyle taxes in the presence of profit shifting

Levaggi, Rosella; Marchiori, Carmen; Panteghini, Paolo - 2020

lifestyle taxes may exist. In general, the First Best sin tax cannot be levied if Governments are also interested in corporate … harder to impose significant lifestyle taxes. We also provide some insights about the effects that the international effort … to fight profit shifting may have on lifestyle taxes. …

Persistent link: https://www.econbiz.de/10012174697

Emotion research in economics

Wälde, Klaus - 2016

Emotions were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility theory. Beyond utility theory, economic theorists use...

Persistent link: https://www.econbiz.de/10011499845

The timing of choice-enhancing policies

Murooka, Takeshi; Schwarz, Marco A. - 2016

Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrolment or...

Persistent link: https://www.econbiz.de/10011499873

Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?

Bentolila, Samuel; Ichino, Andrea - 2000

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...

Persistent link: https://www.econbiz.de/10009781654

Charitable giving as a gift exchange : evidence from a field experiment

Falk, Armin - 2004

This study reports data from a field experiment that was conducted to investigate the relevance of gift-exchange for charitable giving. Roughly 10,000 solicitation letters were sent to potential donors in the experiment. One third of the letters contained no gift, one third contained a small...

Persistent link: https://www.econbiz.de/10011449553

Consumer search and oligopolistic pricing : an empirical investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10011451282

Optimal liability when consumers mispredict product usage

Baniak, Andrzej; Grajzl, Peter - 2016

We contrast alternative liability rules for social control of product risks when heterogeneous consumers considering purchasing a durable good due to cognitive errors and biases mispredict future product benefits and, thus, the extent of future product usage. Since the expected consumer harm...

Persistent link: https://www.econbiz.de/10011475973

Perceived wealth, cognitive sophistication and behavioral inattention

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico - 2019

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...

Persistent link: https://www.econbiz.de/10012138808

Crowdsourcing financial information to change spending behavior

D'Acunto, Francesco; Rossi, Alberto; Weber, Michael - 2019

We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...

Persistent link: https://www.econbiz.de/10011982228

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