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Consumer search costs and preferences on the internet
Jolivet, Grégory; Turon, Hélène - 2014
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...
Persistent link: https://www.econbiz.de/10010436160
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Testing the reference-dependent model : a laboratory search experiment
Miura, Takahiro; Inukai, Keigo; Sasaki, Masaru - 2019
Our paper conducts laboratory experiments with the sequential search model to test whether participants engage in search activities in line with theoretical predictions derived from the expected utility model or the reference-dependent model, without assuming any specific formulation rule for a...
Persistent link: https://www.econbiz.de/10012019322
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Labor and financial market interactions : the case of labor income risk and car insurance in the UK 1969-95
Koeniger, Winfried - 2001
and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the …
Persistent link: https://www.econbiz.de/10011339678
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Time will tell : recovering preferences when choices are noisy
Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2018
The ability to uncover preferences from choices is fundamental for both positive economics and welfare analysis. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in applied microeconomics. However, as is well known, it...
Persistent link: https://www.econbiz.de/10011946760
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An experimental test of a search model under ambiguity
Asano, Takao; Okudaira, Hiroko; Sasaki, Masaru - 2014
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We...
Persistent link: https://www.econbiz.de/10010239264
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An Afriat theorem for the collective model of household consumption
Cherchye, Laurens (contributor); Rock, Bram de (contributor) - 2008
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10003771615
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Non-unitary models of household behavior : a survey of the literature
Chiappori, Pierre-André; Donni, Olivier - 2009
This article considers non-unitary models of household behavior. These models suppose explicitly that households consist of a number of different members with preferences that are different from each other. They can be split up into two principal categories: cooperative (or collective) models,...
Persistent link: https://www.econbiz.de/10003923916
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Economic development, novelty consumption, and body weight : evidence from the East German transition to capitalism
Dragone, Davide; Ziebarth, Nicolas R. - 2015
This paper develops a conceptual framework that can explain why economic development goes along with increases in body weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food availability due to trade or innovation. Then we study how...
Persistent link: https://www.econbiz.de/10010510027
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Validating the collective model of household consumption using direct evidence on sharing
Bargain, Olivier; Lacroix, Guy; Tiberti, Luca - 2018
Recent advances in the collective model literature suggest ways to estimate the complete allocation of resources within households, using assignable goods and assuming adult preference similarity across demographic groups (or across spouses). While it makes welfare analysis at the individual...
Persistent link: https://www.econbiz.de/10011881240
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Kinky choices, dictators and split might : a non-cooperative model for household consumption and labor supply
Boone, Jan; Wiel, Karen van der; Vermeulen, Frederic - 2009
It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...
Persistent link: https://www.econbiz.de/10003872703