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Good Rankings are Bad : Why Reliable Rankings Can Hurt Consumers
Bouton, Laurent - 2015
Rankings have become increasingly popular on various markets, e.g. the market for study programs. We analyze their welfare implications. Consumers have to choose between two goods of unknown quality with exogenous presence or absence of an unbiased informative ranking. The existence of the...
Persistent link: https://www.econbiz.de/10013024517
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Attention Variation and Welfare : Theory and Evidence from a Tax Salience Experiment
Taubinsky, Dmitry - 2016
implement an online shopping experiment in which 2,998 consumers purchase common household products, facing tax rates that vary …
Persistent link: https://www.econbiz.de/10012984747
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Evolving Choice Inconsistencies in Choice of Prescription Drug Insurance
Abaluck, Jason - 2013
We study choice over prescription insurance plans by the elderly using government administrative data to evaluate how these choices are made and evolve over time. We find that there is large "foregone savings" from not choosing the lowest cost plan that has grown over time. We develop a...
Persistent link: https://www.econbiz.de/10013079765
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Household Inequality and the Consumption Response to Aggregate Real Shocks
Amromin, Gene - 2017
To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …
Persistent link: https://www.econbiz.de/10012941979
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Consumption Smoothing and Portfolio Rebalancing : The Effects of Adjustment Costs
Bonaparte, Yosef - 2011
-convex portfolio adjustment costs. The goal is to understand a household's response to income and return shocks. The model includes the … multiple assets, a household can buffer some income fluctuations through the asset without adjustment costs and engage in …
Persistent link: https://www.econbiz.de/10013127012
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Inferring Labor Income Risk from Economic Choices : An Indirect Inference Approach
Guvenen, Fatih - 2010
This paper uses the information contained in the joint dynamics of households' labor earnings and consumption-choice decisions to quantify the nature and amount of income risk that households face. We accomplish this task by estimating a structural consumption-savings model using data from the...
Persistent link: https://www.econbiz.de/10013138477
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Property Rights and Intra-Household Bargaining
Wang, Shing-Yi B. - 2013
within the household. The question is analyzed in the context of a housing reform that occurred in China that gave existing … household level. The results indicate that transferring ownership rights to men increased household consumption of some male …-favored goods and women's time spent on chores. Transferring ownership rights to women decreased household consumption of some male …
Persistent link: https://www.econbiz.de/10013076182
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A Model to Evaluate Vehicle Emission Incentive Policies in Japan
Fullerton, Don - 2014
Using three years of data from the 47 prefectures of Japan, we estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. We use the estimated parameters to calculate elasticities and to simulate the effects...
Persistent link: https://www.econbiz.de/10013050156
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Intertemporal Price Discrimination in Storable Goods Markets
Hendel, Igal - 2011
We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we offer a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to...
Persistent link: https://www.econbiz.de/10013125923
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Like Me, Buy Me : The Effect of Soft Power on Exports
Rose, Andrew Kenan - 2015
In this paper I quantify a gain that a country receives when its global influence is considered to be admirable by others. I use a standard gravity model of bilateral exports, a panel of data from 2006 through 2013, and an annual survey conducted for the BBC by GlobeScan which asks people in up...
Persistent link: https://www.econbiz.de/10013015974