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The Price of Polarization : Estimating Task Prices Under Routine-Biased Technical Change

Böhm, Michael J. - 2017

The debate about the impact of routine-biased technical change on wages revolves around the question whether occupational or overall wage distributions polarized. This paper instead argues that routine task prices should decline compared to abstract and manual task prices. I propose a new...

Persistent link: https://www.econbiz.de/10012940837

Competing with Asking Prices

Lester, Benjamin R. - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10013087422

Pricing Neighborhoods

Eshaghnia, Sadegh S. M.; Heckman, James J.; Razavi, Goya - 2023

Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores. We argue that this is due to sorting of teachers...

Persistent link: https://www.econbiz.de/10014347799

Pay-What-You-Want to Support Independent Information : A Field Experiment on Motivation

Casarico, Alessandra - 2018

Pay-what-you-want schemes can be a useful tool to finance high quality and independent news media without restricting readership, therefore guaranteeing maximum diffusion. We conduct a field experiment with the Italian information site lavoce.info to explore how to structure a campaign in a way...

Persistent link: https://www.econbiz.de/10012925506

Inflation Expectations and Firm Decisions : New Causal Evidence

Coibion, Olivier - 2019

We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation (or the European Central Bank's inflation...

Persistent link: https://www.econbiz.de/10012894535

Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10013118774

The Good, the Bad and the Naive : Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?

Dulleck, Uwe - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...

Persistent link: https://www.econbiz.de/10013107208

A Theory of Price Adjustment Under Loss Aversion

Ahrens, Steffen - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition.The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10013054582

Quality and Price Setting of High-Tech Goods

Gorodnichenko, Yuriy; Talavera, Oleksandr; Vu, Nam - 2021

This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...

Persistent link: https://www.econbiz.de/10013250249

Do Hospitals Respond to Increasing Prices by Supplying Fewer Services?

Salm, Martin - 2015

Medical providers often have a significant influence on treatment decisions which they can use in their own financial interest. Classical models of supplier-induced demand predict that medical providers will supply fewer services if they face increasing prices. We test this prediction based on a...

Persistent link: https://www.econbiz.de/10013016263

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