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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …
Persistent link: https://www.econbiz.de/10010282162
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …
Persistent link: https://www.econbiz.de/10009359868
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Biased probability judgment: evidence of incidence and relationship to economic outcomes from a representative sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10010269033
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Biased Probability Judgment: Evidence of Incidence and Relationship to Economic Outcomes from a Representative Sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10004999933
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Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?
Fiori, Giuseppe; Nicoletti, Giuseppe; Scarpetta, Stefano; … - Institute for the Study of Labor (IZA) - 2007
labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor …
Persistent link: https://www.econbiz.de/10005762118
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The Role of Regulation and Regional Government Quality for High Growth Firms: The Good, the Bad, and the Ugly
Amoroso, Sara; Herrmann, Benedikt; Kritikos, Alexander S. - 2023
High growth firms (HGFs) are important for job creation and considered to be precursors of economic growth. We investigate how product- and labor-market regulations, as well as the quality of regional governments that implement these regulations, affect HGF development across European regions....
Persistent link: https://www.econbiz.de/10014469596
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 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/10010271236
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Scale economies can offset the benefits of competition: Evidence from a school consolidation reform in a universal voucher system
de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - 2011
context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …
Persistent link: https://www.econbiz.de/10010278683
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 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/10005822832
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Scale Economies Can Offset the Benefits of Competition: Evidence from a School Consolidation Reform in a Universal Voucher System
de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - Institute for the Study of Labor (IZA) - 2011
context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …
Persistent link: https://www.econbiz.de/10008855349