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Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - 2002

Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers? credit purchases. This paper interprets this phenomenon in...

Persistent link: https://www.econbiz.de/10010262807

On Price-Setting for Identical Products in Markets without Formal Trade Barriers

Hassink, Wolter H.J.; Schettkat, Ronald - 2001

This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...

Persistent link: https://www.econbiz.de/10010262519

Reputations, relationships and the enforcement of incomplete contracts

MacLeod, W. Bentley - 2006

This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler (1981)) and efficiency wages (Shapiro and Stiglitz...

Persistent link: https://www.econbiz.de/10010267674

Women, children and patience: experimental evidence from Indian villages

Bauer, Michal; Chytilová, Julie - 2009

In this paper we study the link between women's responsibility for children and their preferences. We use a large random sample of individuals living in rural India, incentive compatible measures of patience and risk aversion, and detailed survey data. We find more patient choices among women...

Persistent link: https://www.econbiz.de/10010330095

Choosing the Joneses : Endogenous Goals and Reference Standards

Knell, Markus; Falk, Armin - 2004

A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast findings from social...

Persistent link: https://www.econbiz.de/10010261901

An Experimental Study of the POUM Hypothesis

Checchi, Daniele; Filippin, Antonio - 2003

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

Persistent link: https://www.econbiz.de/10010261622

Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets

Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004

-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …

Persistent link: https://www.econbiz.de/10010261943

Living in Two Neighborhoods : Social Interactions in the Lab

Falk, Armin; Fischbacher, Urs; Gächter, Simon - 2004

interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …

Persistent link: https://www.econbiz.de/10010262127

An Experimental Test of Career Concerns

Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - 2004

reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …

Persistent link: https://www.econbiz.de/10010262147

Knowing What Works The Case for Rigorous Program Evaluation

Schmidt, Christoph M. - 1999

Since interventions by the public sector generally commit substantial societal resources, the evaluation of effects and costs of policy interventions is imperative. This paper outlines why program evaluation should follow well-respected scientific standards and why it should be performed by...

Persistent link: https://www.econbiz.de/10010262297

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