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The name game for contributions : influence of labeling and earmarking on the perceived tax burden

Hundsdoerfer, Jochen; Sielaff, Christian; Blaufus, Kay; … - 2010

described by the economic theory. We determine a significant influence of the labeling and the earmarking of taxes. We can show …

Persistent link: https://www.econbiz.de/10003962952

When transaction-level wage transparency can increase consumer preference

Stich, Lucas; Ungemach, Christoph; Fuchs, Christoph; … - 2022

Firms are usually reluctant to disclose information about the production costs of their goods and services; however, some firms have recently started to disclose cost information to consumers. This research examines the consequences of disclosing transaction-level wage information on consumer...

Persistent link: https://www.econbiz.de/10014472455

Complex pricing and consumer-side attention

Fischer, Christian; Rasch, Alexander; Wenzel, Tobias - 2020

This paper analyzes a market in which two horizontally differentiated firms compete by setting menus of two-part tariffs, and in which some consumers are not informed about the linear per-unit price component. We consider two regulatory interventions that limit firms’ ability to price...

Persistent link: https://www.econbiz.de/10012385361

Monetary policy rules under bounded rationality

Dobrew, Michael; Gerke, Rafael; Kienzler, Daniel; … - 2023

We study the welfare performance of various simple monetary policy rules under bounded rationality (BR) along the lines of Gabaix (2020) in a New Keynesian model with sticky wages and an effective lower bound (ELB) on interest rates. Policy strategies with a strong history dependence lose their...

Persistent link: https://www.econbiz.de/10014320809

Make-up strategies with incomplete markets and bounded rationality

Dobrew, Michael; Gerke, Rafael; Giesen, Sebastian; … - 2023

We study the impact of market incompleteness and bounded rationality on the effectiveness of make-up strategies. To do so, we simulate a heterogeneous-agent New Keynesian (HANK) model with reflective expectations and an occasionally-binding effective lower bound (ELB) on the policy rate. Our...

Persistent link: https://www.econbiz.de/10013493615

Everyday econometricians : selection neglect and overoptimism when learning from others

Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019

There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...

Persistent link: https://www.econbiz.de/10011982107

Decisions and performance under bounded rationality : a computational benchmarking approach

Zēgners, Dainis; Sunde, Uwe; Strittmatter, Anthony - 2020

This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of professional chess players relative to a computational benchmark of cognitively bounded rationality. This benchmark is constructed using algorithms of modern chess engines and allows...

Persistent link: https://www.econbiz.de/10012499843

Behavioural welfare analysis and revealed preference : theory and experimental evidence

Caliari, Daniele - 2023

Behavioural welfare economics provides tools to elicit welfare preferences when individuals use nonstandard behavioural models. Current proposals either require assumptions on the models or elicit preferences that become coarser and coarser as the dataset grows. We propose an informational...

Persistent link: https://www.econbiz.de/10014323569

Die Psychologie irrationaler Wirtschaftspolitik am Beispiel des Reformstaus

Heinemann, Friedrich - 2000

Mainstream economists are reluctant to integrate features of bounded rationality into their behavioural assumptions. However, particularly in the field of economic policy the scope for irrational behaviour is given, since voters lack incentives for rational reasoning concerning their voting...

Persistent link: https://www.econbiz.de/10013428315

Self-serving bias in redistribution choices : accounting for beliefs and norms

Amasino, Dianna; Pace, Davide Domenico; Weele, Joël J. … - 2023

underlying inequality, differing fairness views, and differing perceptions of social norms. In this study, we directly measure … report different fairness views and beliefs about task performance, but not different beliefs about social norms. Further …, only fairness views play a significant mediating role between status and allocation differences, suggesting this is the …

Persistent link: https://www.econbiz.de/10014477403

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