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The Effects of Government Licensing on E-Commerce : Evidence from Alibaba
Jin, Ginger Zhe; Lu, Zhentong; Zhou, Xiaolu; Li, Chunxiao - 2022
Using proprietary data from Alibaba, we examine how the 2015 Food Safety Law (FSL) affects e-commerce in China. The FSL … requires most food sellers on e-commerce platforms to obtain a valid, online license for retail food handling. Because the FSL …, those that had a better online reputation and more online food sales before FSL tend to display their FSL license earlier on …
Persistent link: https://www.econbiz.de/10014092962
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Public or Private Production of Food Safety : What Do U.S. Consumers Want?
Smith, V. Kerry - 2010
based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also … approximately $250 annually to reduce the risk of food borne illness. Moreover, they prefer private to public approaches and would …This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished …
Persistent link: https://www.econbiz.de/10012758450
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Heuristic Thinking and Limited Attention in the Car Market
Lacetera, Nicola - 2011
Can heuristic information processing affect important product markets? We explore whether the tendency to focus on the left-most digit of a number affects how used car buyers incorporate odometer values in their purchase decisions. Analyzing over 22 million wholesale used-car transactions, we...
Persistent link: https://www.econbiz.de/10013125565
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Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing
Ito, Koichiro - 2012
Nonlinear pricing and taxation complicate economic decisions by creating multiple marginal prices for the same good. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price variation at spatial discontinuities in electricity service...
Persistent link: https://www.econbiz.de/10013098134
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Coarse Thinking and Persuasion
Mullainathan, Sendhil - 2007
We present a model of coarse thinking, in which individuals group situations into categories, and transfer the informational content of a given message from situations in a category where it is useful to those where it is not. The model explains how uninformative messages can be persuasive,...
Persistent link: https://www.econbiz.de/10012778169
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Attention Manipulation and Information Overload
Persson, Petra - 2017
Limits on consumer attention give firms incentives to manipulate prospective buyers' allocation of attention. This paper models such attention manipulation and shows that it limits the ability of disclosure regulation to improve consumer welfare. Competitive information supply, from firms...
Persistent link: https://www.econbiz.de/10012946040
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Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans
Heiss, Florian - 2010
their decisions, or the expected net benefits and risk properties of alternative plans …
Persistent link: https://www.econbiz.de/10012759665
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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
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Estimating the Effect of Salience in Wholesale and Retail Car Markets
Busse, Meghan R.; Lacetera, Nicola; Pope, Devin G.; … - 2021
We investigate whether the first digit of an odometer reading is more salient to consumers than subsequent digits. We find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds, echoing effects found in the wholesale market by...
Persistent link: https://www.econbiz.de/10013225007
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Rational Inattention, Competitive Supply, and Psychometrics
Caplin, Andrew; Csaba, Dániel; Leahy, John; Nov, Oded - 2021
We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare just as a competitive firm's technology determines its supply curve and profits. We...
Persistent link: https://www.econbiz.de/10013225153