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Demand or supply? : price adjustment during the COVID-19 pandemic
Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …
Persistent link: https://www.econbiz.de/10012259571
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The "soda tax" is unlikely to make Mexicans lighter : new evidence on biases in elasticities of demand for soda
Andalón, Mabel; Gibson, John K. - 2017
own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …
Persistent link: https://www.econbiz.de/10011647675
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Quashing demand criminalizing clients? : evidence from the UK
Della Giusta, Marina; Di Tommaso, Maria Laura; Jewell, Sarah - 2019
We discuss changes in the demand for paid sex accompanying the criminalization of prostitution in the United Kingdom … Lifestyles (Natsal2, conducted in 2000-2001 and Natsal3, conducted in 2010-2012) to illustrate the changes in demand that have … taken place across the two waves. We do not find demand decreasing in our sample and find a shift in the composition of …
Persistent link: https://www.econbiz.de/10012022726
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Fertility and female employment dynamics in Europe : the effect of using alternative econometric modeling assumptions
Michaud, Pierre-Carl (contributor);  … - 2008
We investigate the direct and long-run effects of fertility on employment in Europe estimating dynamic models of labor supply under different assumptions regarding the exogeneity of fertility and modeling assumptions related to initial conditions, unobserved heterogeneity and serial correlation...
Persistent link: https://www.econbiz.de/10003779036
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American idol : evidence of same-race preferences?
Lee, Jungmin (contributor) - 2006
This study examines whether viewers of the popular television show, American Idol, are racially biased. I find strong evidence for same-race preferences, in particular among black viewers. Featuring more black contestants attracts more black households to tune in to watch the show. And, with...
Persistent link: https://www.econbiz.de/10003278953
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Interpreting prediction market prices as probabilities
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...
Persistent link: https://www.econbiz.de/10003310964
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Heterogeneous social preferences and the dynamics of free riding in public goods
Fischbacher, Urs (contributor); Gächter, Simon (contributor) - 2006
We provide a direct test of the role of social preferences in voluntary cooperation. We elicit individuals' cooperation preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a novel test as to whether there are "types" of...
Persistent link: https://www.econbiz.de/10003339611
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Self-regulation through goal setting
Koch, Alexander K. (contributor);  … - 2008
Goals are an important source of motivation. But little is known about why and how people set them. We address these questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points for performance. ii) Present-biased preferences...
Persistent link: https://www.econbiz.de/10003793362
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On the economics and biology of trust
Fehr, Ernst (contributor) - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10003793375
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Reference points and effort provision
Abeler, Johannes; Falk, Armin; Götte, Lorenz; Huffman, … - 2009
A key open question for theories of reference-dependent preferences is what determines the reference point. One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects...
Persistent link: https://www.econbiz.de/10003794106