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Income and Wealth Effects on Private-Label Demand : Evidence from the Great Recession

Dubé, Jean-Pierre - 2015

-side response to the recession shows only small changes in the relative price of national-brand and private-label products. Our …-label quality tiers or to the overall rate of private-label versus national-brand product introductions …

Persistent link: https://www.econbiz.de/10013017514

Attention Variation and Welfare : Theory and Evidence from a Tax Salience Experiment

Taubinsky, Dmitry - 2016

This paper shows that accounting for variation in mistakes can be crucial for welfare analysis. Focusing on consumer underreaction to not-fully-salient sales taxes, we show theoretically that the efficiency costs of taxation are amplified by differences in underreaction across individuals and...

Persistent link: https://www.econbiz.de/10012984747

Gdp-B : Accounting for the Value of New and Free Goods in the Digital Economy

Brynjolfsson, Erik - 2019

The welfare contributions of the digital economy, characterized by the proliferation of new and free goods, are not well-measured in our current national accounts. We derive explicit terms for the welfare contributions of these goods and introduce a new metric, GDP-B which quantifies their...

Persistent link: https://www.econbiz.de/10012889499

Do State Laws Protecting Older Workers from Discrimination Reduce Age Discrimination in Hiring? Evidence from a Field Experiment

Neumark, David - 2018

We provide evidence from a field experiment in all 50 states on age discrimination in hiring for retail sales jobs. We relate measured age discrimination – the difference in callback rates between old and young applicants – to state variation in anti-discrimination laws protecting older...

Persistent link: https://www.econbiz.de/10012906442

Quality Provision, Expected Firm Altruism and Brand Extensions

Rotemberg, Julio J. - 2010

the demand for a brand's existing products even if the quality of these existing products is well understood by consumers …. The model provides an interpretation for the dependence of the success of brand extensions on the ``fit" between the … original product and the extension. The model can also explain why a ``high-end" brand that is expected to care only for its …

Persistent link: https://www.econbiz.de/10013149303

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience

List, John A. - 2011

A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...

Persistent link: https://www.econbiz.de/10013127977

Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Anand, Rahul - 2011

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10013133080

The Rand Health Insurance Experiment, Three Decades Later

Aron-Dine, Aviva - 2012

We re-present and re-examine the analysis from the famous RAND Health Insurance Experiment from the 1970s on the impact of consumer cost sharing in health insurance on medical spending. We begin by summarizing the experiment and its core findings in a manner that would be standard in the current...

Persistent link: https://www.econbiz.de/10013096134

Working Over Time : Dynamic Inconsistency in Real Effort Tasks

Augenblick, Ned - 2013

Experimental tests of dynamically inconsistent time preferences have largely relied on choices over time-dated monetary rewards. Several recent studies have failed to find the standard patterns of time inconsistency. However, such monetary studies contain often discussed confounds. In this...

Persistent link: https://www.econbiz.de/10013087790

The Lightbulb Paradox : Evidence from Two Randomized Experiments

Allcott, Hunt - 2013

Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...

Persistent link: https://www.econbiz.de/10013071895