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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

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

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

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

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

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

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

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

Evaluating Consumers' Choices of Medicare Part D Plans : A Study in Behavioral Welfare Economics

Keane, Michael P. - 2019

We propose new methods to model behavior and conduct welfare analysis in complex environments where some choices are unlikely to reveal preferences. We develop a mixture-of-experts model that incorporates heterogeneity in consumers' preferences and in their choice processes. We also develop a...

Persistent link: https://www.econbiz.de/10012890479

Scarred Consumption

Malmendier, Ulrike - 2018

significant experience-based variation in consumption within household, i. e., after including household fixed effects. At the …

Persistent link: https://www.econbiz.de/10012916890

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