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Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...
Persistent link: https://www.econbiz.de/10010413791
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Trust, Happiness, and pro-social behavior
Carattini, Stefano; Roesti, Matthias - 2020
This paper combines several large-scale surveys with different identification strategies to shed new light on the determinants of cooperative behavior. We provide evidence indicating that the well-being maximizing level of trust is above the income maximizing level. Higher trust is also linked...
Persistent link: https://www.econbiz.de/10012288022
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Consumer sentiment during the Covid-19 pandemic : the role of others' beliefs
Bui, Dzung; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2021
This paper investigates the direct and indirect effects of others' beliefs on respondents' own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10012500548
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The effects of mandatory disclosure of supermarket prices
Ater, Itai; Rigbi, Oren - 2018
-and-mortar stores. Using data collected before and after a transparency regulation went into effect in the Israeli food retail market … in price dispersion and a 4% to 5% drop in prices following the transparency regulation. The price drop varied across …
Persistent link: https://www.econbiz.de/10011809924
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Transparency, specialization and FDI
Razin, Asaf; Tsadḳah, Efrayim - 2004
in the host countries, enhances FDI flows. On the other hand, host-country relative corporate-transparency diminishes the …
Persistent link: https://www.econbiz.de/10011402538
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Division of labor and the organization of knowledge in production : a laboratory experiment
Klockmann, Victor; Schenk, Alicia von; Siemens, … - 2021
Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire …
Persistent link: https://www.econbiz.de/10012415623
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Contracting out mandatory counselling and training for long-term unemployed : private for-profit or non-profit, or keep it public?
Cockx, Bart; Baert, Stijn - 2015 - Date: October 26, 2015
This study evaluates the effectiveness of contracting out mandatory publicly provided counselling and training for long-term unemployed in Flanders (Belgium) to private for-profit and non-profit organisations (FPOs and NPOs). A multivariate transition model exploits timing-of-events and novel...
Persistent link: https://www.econbiz.de/10011376342
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Are donors afraid of charities' core costs? : scale economies in non-profit provision and charity selection
Perroni, Carlo; Pogrebna, Ganna; Sandford, Sarah; … - 2014
We study contestability in non-profit markets when non-commercial providers supply a homogeneous collective good through increasing-returns-to-scale technologies. Unlike in the case of for-profit competition, in the non-profit case the absence of price-based sales contracts means that fixed...
Persistent link: https://www.econbiz.de/10010418091
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Competition in public service provision : the role of not-for-profit providers
Besley, Timothy; Malcomson, James M. - 2017
With public services such as health and education, it is not straightforward for consumers to assess the quality of provision. Many such services are provided by monopoly not-for-profit providers and there is concern that for-profit providers may increase profit at the expense of quality. This...
Persistent link: https://www.econbiz.de/10011761563
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Impure prosocial motivation in charity provision : warm-glow charities and implications for public funding
Scharf, Kimberley Ann - 2013
We show that warm-glow motives in provision by competing suppliers can lead to inefficient charity selection. In these situations, discretionary donor choices can promote efficient charity selection even when provision outcomes are non-verifiable. Government funding arrangements, on the other...
Persistent link: https://www.econbiz.de/10010210695