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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
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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
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Individual and Corporate Social Responsibility
Bénabou, Roland - 2009
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the "psychology and economics" of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10013153511
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Citizenship and Integration
Gathmann, Christina; Garbers, Julio - 2022
Several European countries have reformed their citizenship policies over the past decades. There is much to learn from their experience of how citizenship works; for whom it works; and what rules and policies matter for integration. The article surveys recent quasi-experimental evidence and...
Persistent link: https://www.econbiz.de/10014240655
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Neo-Humanism and COVID-19 : Opportunities for a Socially and Environmentally Sustainable World
Sarracino, Francesco; O'Connor, Kelsey - 2022
defensive growth theory to explain the relationships between these factors, and we put forward the idea of neo-humanism, a …
Persistent link: https://www.econbiz.de/10014083936
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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
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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
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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
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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
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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