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Persistent link: https://www.econbiz.de/10012179540
Experimenters have to make theoretically irrelevant decisions concerning user interfaces and ordering or labeling of options. Such presentation decisions affect behavior and cause results to appear contradictory across experiments, obstructing utility estimation and policy recommendations. The...
Persistent link: https://www.econbiz.de/10011698247
We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10014476660
The adoption decision for durable goods is intertemporal by definition. However, estimating utility and discount functions from revealed preference data using dynamic discrete choice models is difficult because of an inherent identification problem. To overcome this issue, we use stated...
Persistent link: https://www.econbiz.de/10012139042
In this paper, we first recover the individual valuation of expected future fuel costs at the time of a car purchase and then explore how various factors relate to the recovered consumer undervaluation of fuel savings (on average, consumers' willingness-to-pay for a AC1 reduction in fuel costs...
Persistent link: https://www.econbiz.de/10011976135
The present study investigates how the framing of information on the environmental impact of vehicles affects consumers' preferences for identical improvements in car quality. In online choice experiments, the effects of two metrics (fuel consumption vs. CO2 emissions) and three scales of one...
Persistent link: https://www.econbiz.de/10012033491
act accordingly. We combine data from an online survey with angel investors comprising a discrete choice experiment and …
Persistent link: https://www.econbiz.de/10014311702
In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients, we study … physicians' market shares. Medical treatment is an example of a credence good: only the physician knows the appropriate treatment … consult more often and physicians overtreat more often than in the baseline condition. Competition decreases overtreatment …
Persistent link: https://www.econbiz.de/10011490343
In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients in a … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and …
Persistent link: https://www.econbiz.de/10010413597
Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment … precision are not obvious. However, our model and experiment show that information transmission and the welfare of naive …
Persistent link: https://www.econbiz.de/10013191455