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Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - 2021
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10013222646
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The Impact of Information Disclosure on Consumer Behavior : Evidence from a Randomized Field Experiment of Calorie Labels on Restaurant Menus
Cawley, John; Susskind, Alex; Willage, Barton - 2021
The impact of information on consumer behavior is a classic topic in economics, and there has recently been particular interest in whether providing nutritional information leads consumers to choose healthier diets. For example, a nationwide requirement of calorie counts on the menus of chain...
Persistent link: https://www.econbiz.de/10013219294
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Making Nutritional Information Digestible : Effects of a Receipt-Based Intervention on Restaurant Purchases
Bedard, Kelly - 2014
We study the effects of receipts that include personalized ordering suggestions designed to reduce fat and calorie consumption on purchasing behavior at a restaurant chain. We find that customers, in the aggregate, made most of the item substitutions that were encouraged by the messages, such as...
Persistent link: https://www.econbiz.de/10013062171
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How Segregated is Urban Consumption?
Davis, Donald R. - 2017
We provide measures of ethnic and racial segregation in urban consumption. Using Yelp reviews, we estimate how spatial and social frictions influence restaurant visits within New York City. Transit time plays a first-order role in consumption choices, so consumption segregation partly reflects...
Persistent link: https://www.econbiz.de/10012947664
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Does Information Disclosure Improve Consumer Knowledge? Evidence from a Randomized Experiment of Restaurant Menu Calorie Labels
Cawley, John; Susskind, Alex; Willage, Barton - 2022
The United States, in 2018, implemented a nationwide requirement that chain restaurants disclose calorie information on their menus and menu boards. This law was motivated by concern that consumers underestimate the number of calories in restaurant food, but it remains unclear the extent to...
Persistent link: https://www.econbiz.de/10013305775
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Rules Versus Discretion in Trade Policy : an Empirical Analysis
Staiger, Robert W. - 2011
We test empirically for evidence that government tariff-setting behavior depends on the degree of discretion with which policy-makers are endowed. We do this by studying government tariff choices under two distinct environments. One environment is that of tariffs set under the Escape Clause...
Persistent link: https://www.econbiz.de/10013127832
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Transparency and Credibility : Monetary Policy with Unobservable Goals
Faust, Jon - 2010
We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more … inflationary policy than a high-credibility bank, in the sense that it induces higher inflation, but a less expansionary policy in …
Persistent link: https://www.econbiz.de/10013137302
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The Continental Dollar : Initial Design, Ideal Performance, and the Credibility of Congressional Commitment
Grubb, Farley - 2011
Continental dollar lost credibility. Depreciation and collapse followed shortly thereafter …
Persistent link: https://www.econbiz.de/10013121724
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Crisis and Commitment : Inflation Credibility and the Vulnerability to Sovereign Debt Crises
Aguiar, Mark - 2013
We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential … punishment of default. With high inflation credibility, which can be interpreted as joining a monetary union or issuing foreign … currency debt, debt is effectively real. By contrast, with low inflation credibility, sovereign debt is nominal and in a debt …
Persistent link: https://www.econbiz.de/10013074648
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Public Audit Oversight and Reporting Credibility : Evidence from the PCAOB Inspection Regime
Gipper, Brandon - 2015
This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in … filings after the new regime. Our results show that public audit oversight can enhance reporting credibility and that this … credibility is priced in capital markets …
Persistent link: https://www.econbiz.de/10013015984