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COVID-19 and the formation of energy conservation routines : disentangling the relative importance of attention and income shocks
Löschel, Andreas; Price, Michael Keith; Razzolini, Laura; … - 2022
this result, we provide evidence that observed energy saving actions reflect an increased attention devoted to energy … pool of worry,” that might have even limited the impact of increased attention on the adoption of energy saving routines …. In sum, our findings highlight the importance of consumer attention for the adoption of conservation routines to fight …
Persistent link: https://www.econbiz.de/10013474540
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The timing of choice-enhancing policies
Murooka, Takeshi; Schwarz, Marco - 2017
Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyze the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides a contract with automatic...
Persistent link: https://www.econbiz.de/10011762539
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Consumer exploitation and notice periods
Murooka, Takeshi; Schwarz, Marco - 2018
Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We...
Persistent link: https://www.econbiz.de/10011905152
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Price competition and reputation in markets for experience goods : an experimental study
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2015 - September 2013, revised March 2015
attention to reputation for quality. This provides empirical support to recent models in behavioral industrial organization that … find that consumers' attention to quality and, hence, provided quality drops when regulated prices are set at levels that …
Persistent link: https://www.econbiz.de/10010498486
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Price competition and reputation in markets for experience goods : an experimental study
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2013
attention to reputation for quality. This provides empirical support to recent models in behavioral IO that assume that …
Persistent link: https://www.econbiz.de/10010188722
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The effect of reporting institutions on tax evasion: Evidence from the lab
Kotakorpi, Kaisa; Metsälampi, Satu; Miettinen, Topi; … - 2019
We study the effects of different tax reporting mechanisms in experi-mental double auction markets in the laboratory. The sales tax is paidby the seller, and we compare market outcomes in a no-tax conditionto cases where (i) tax evasion is impossible, (ii) taxes can be evaded butthere is an...
Persistent link: https://www.econbiz.de/10012503080
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Markets for leaked information
Huck, Steffen; Weizsäcker, Georg - 2016 - (Revised February 2016)
We study markets for sensitive personal information. An agent wants to communicate with another party but any revealed information can be intercepted and sold to a third party whose reaction harms the agent. The market for information induces an adverse sorting effect, allocating the information...
Persistent link: https://www.econbiz.de/10011433634
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Persuasion against self-control problems
Wangenheim, Jonas von - 2018
I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers without commitment. Consumption induces instantaneous utility, but unknown delayed cost. Consumers may or may not acquire additional costless information on the cost parameter....
Persistent link: https://www.econbiz.de/10011902726
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Markets for leaked information
Huck, Steffen; Weizsäcker, Georg - 2015 - November 2015
We study markets for sensitive personal information. An agent wants to communicate with another party but any revealed information can be intercepted and sold to a third party whose reaction harms the agent. The market for information induces an adverse sorting effect, allocating the information...
Persistent link: https://www.econbiz.de/10011380192
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Time pressure and regret in sequential search
Klimm, Felix; Kocher, Martin; Opitz, Timm; Schudy, Simeon - 2022
Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities. theoretically, these strategies result in anticipated...
Persistent link: https://www.econbiz.de/10014476728