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Consumer Search Costs and Preferences on the Internet

Jolivet, Grégory - 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/10013043670

When the Baby Cries at Night : Inelastic Buyers in Non-Competitive Markets

Calzolari, Giacomo - 2014

of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …

Persistent link: https://www.econbiz.de/10013046241

Correlation Neglect in Belief Formation

Enke, Benjamin - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10013082140

Search Costs and the Determinants of Job Search

Beam, Emily - 2021

This paper examines how individuals select into job search in terms of their individual qualifications and perceptions and measures how recruiting additional applicants with a modest job-search subsidy affects selection. I use experimental evidence to examine individuals' decisions to attend and...

Persistent link: https://www.econbiz.de/10013315188

Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market

Heshmati, Almas - 2012

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …

Persistent link: https://www.econbiz.de/10013104681

Same-Occupation Spouses : Preferences and Search Costs

Mansour, Hani - 2014

Married individuals match with spouses who share their occupation more frequently than predicted by chance, suggesting either a preference for same-occupation matches or lower search costs within occupation. To distinguish between these explanations, we use a differences-in-differences strategy...

Persistent link: https://www.econbiz.de/10013049075

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

Efficient Redistribution : Comparing Basic Income with Unemployment Benefits

Fitzroy, Felix R. - 2010

We compare two systems of income redistribution: unemployment benefits (UB) and basic income (BI). First, for a simple utility function, with both intensive and extensive margins, the unemployed are likely better off with pure BI than pure UB, regardless of labour supply elasticity and wage...

Persistent link: https://www.econbiz.de/10013136950

Directed Search with Phantom Vacancies

Albrecht, James - 2020

When vacancies are filled, the ads that were posted are often not withdrawn, creating "phantom" vacancies. The existence of phantoms implies that older job listings are less likely to represent true vacancies than are younger ones. We assume that job seekers direct their search based on the...

Persistent link: https://www.econbiz.de/10012822848

Committee Search with Ex-Ante Heterogeneous Agents : Theory and Experimental Evidence

Inukai, Keigo - 2017

The paper develops a committee search model with ex-ante heterogeneous agents and designs laboratory experiments to test theoretical predictions. In the theoretical part of the study, there exists one and only one pivotal voter, who can perfectly and dominantly control the voting results of the...

Persistent link: https://www.econbiz.de/10012956020

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