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What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods
Balafoutas, Loukas - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud …
Persistent link: https://www.econbiz.de/10013125139
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Financial Literacy and Attitudes to Redistribution
Montagnoli, Alberto - 2017
This study combines novel financial-literacy data with measures of attitudes to redistribution from the British Election Study. We find a significant negative relationship between financial literacy and attitudes in favour of government intervention for income redistribution. The effect is...
Persistent link: https://www.econbiz.de/10012960256
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Financial Literacy, Experimental Preference Measures and Field Behavior a Randomized Educational Intervention
Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; … - 2023
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014350813
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A Walk on the Wild Side : 'Predatory' Journals and Information Asymmetries in Scientific Evaluations
Bagues, Manuel - 2017
In recent years the academic world has experienced a mushrooming of journals that falsely pretend to be legitimate academic outlets. We study this phenomenon using information from 46,000 researchers seeking promotion in Italian academia. About 5% of them have published in journals included in...
Persistent link: https://www.econbiz.de/10012946585
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Financial Advice and Household Financial Portfolios
Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2023
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice is associated with a reallocation of wealth away from real estate and towards bonds and stocks, especially when households seek financial advice "for investments". Having a...
Persistent link: https://www.econbiz.de/10014258262
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The Economics of Credence Goods : On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe - 2009
has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10012764487
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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - 2021
competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …
Persistent link: https://www.econbiz.de/10013324885
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Reveal it or Conceal it : On the Value of Second Opinions in a Low-Entry-Barriers Credence Goods Market
Bindra, Parampreet - 2020
Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from other sellers. Yet, empirical evidence whether...
Persistent link: https://www.econbiz.de/10012831233
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Still Waiting for Mister Right? Asymmetric Information, Abortion Laws and the Timing of Marriage
Bowmaker, Simon W. - 2009
Previous studies have suggested that more liberal abortion laws should lead to a decrease in marriage rates among young women as 'shotgun weddings' are no longer necessary. Empirical evidence from the United States lends support to that hypothesis. This paper presents an alternative theory of...
Persistent link: https://www.econbiz.de/10013159512
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Signaling in the Labor Market : New Evidence on Layoffs and Plant Closings
Rodríguez-Planas, Núria - 2021
In my asymmetric-information model of layoffs, high-productivity workers are more likely to be recalled to their former employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a signal of productivity, and duration of...
Persistent link: https://www.econbiz.de/10013319510