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, suggesting that consumers view charity as a signal of seller quality and a substitute for reputation. We also find that charity … consumers derive direct utility from seller charity at times when charity is particularly salient. …
Persistent link: https://www.econbiz.de/10008619315
Databases play a central role in evidence-based innovations in business, economics, social, and health sciences. In modern business and society, there are rapidly growing demands for constructing analytically valid databases that also are secure and protect sensitive information in order to meet...
Persistent link: https://www.econbiz.de/10010700976
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both...
Persistent link: https://www.econbiz.de/10010618276
durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … functions are generally not jointly identified even if consumers' expectations are known. The separation of current … based on a dynamic discrete choice model indicate that consumers make forward-looking adoption decisions. In both surveys …
Persistent link: https://www.econbiz.de/10010969265
effectiveness of anti-piracy interventions on encouraging consumers to migrate from illegal to legal consumption channels. We …
Persistent link: https://www.econbiz.de/10010969366
We present a model of market competition and product differentiation in which consumers' attention is drawn to the …
Persistent link: https://www.econbiz.de/10010951459
In a search model, prospects encounter salespeople who can try to persuade them. Persuasive messages can increase the utility of buying or increase the cost of not buying. The latter reduces welfare. Equilibria where only some salespeople make a persuasive effort often exist. Salespeople vary in...
Persistent link: https://www.econbiz.de/10008635921
For many consumer packaged goods products, researchers have documented a form of state dependence whereby consumers … become "loyal" to products they have consumed in the past. That is, consumers behave as though there is a utility premium …
Persistent link: https://www.econbiz.de/10004992854
There is convincing evidence that the Internet has lowered the prices paid by some consumers in established industries … lowers prices for two distinct reasons. First, the Internet helps consumers learn the invoice price of dealers. Second, the … referral process of online buying services, a novel institution made possible by the Internet, also helps consumers obtain …
Persistent link: https://www.econbiz.de/10005084562
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/10005084819