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Differences in How and Why Social Comparison and Real-Time Feedback Impact Resource Use : Evidence from a Field Experiment

Andor, Mark Andreas; Götte, Lorenz; Price, Michael Keith; … - National Bureau of Economic Research - 2023

We compare the behavior and welfare effects of two popular interventions for resource conservation. The first intervention is social comparison reports (SC), which primarily provide consumers with information motivating behavioral change. The second intervention is real-time feedback (RTF),...

Persistent link: https://www.econbiz.de/10014436976

Consumer Demand with Social Influences : Evidence from an E-Commerce Platform

Caoui, El Hadi; Farronato, Chiara; Horton, John J.; … - National Bureau of Economic Research - 2022

For some kinds of goods, rarity itself is valued. "Fashionable'" goods are demanded in part because they are unique. In this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform. We model endogenous entry and bidding in multi-unit...

Persistent link: https://www.econbiz.de/10013362005

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience

List, John A. - 2011

A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...

Persistent link: https://www.econbiz.de/10012461749

Consumer Myopia in Vehicle Purchases : Evidence from a Natural Experiment

Gillingham, Kenneth - 2019

A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of...

Persistent link: https://www.econbiz.de/10012479794

Incorporating Search and Sales Information in Demand Estimation

Hortaçsu, Ali; Natan, Olivia R.; Parsley, Hayden; … - National Bureau of Economic Research - 2021

We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...

Persistent link: https://www.econbiz.de/10012794558

The Value of Health and Longevity

Murphy, Kevin M. - 2005

We develop an economic framework for valuing improvements to health and life expectancy, based on individuals … by about $1.5 trillion per year since 1970. The potential gains from future innovations in health care are also extremely …

Persistent link: https://www.econbiz.de/10012467276

The Role of Public Health Improvements in Health Advances : The 20th Century United States

Cutler, David M. - 2004

Mortality rates in the US fell more rapidly during the late 19th and early 20th Centuries than any other period in American history. This decline coincided with an epidemiological transition and the disappearance of a mortality "penalty" associated with living in urban areas. There is little...

Persistent link: https://www.econbiz.de/10012468182

The Impact of Nearly Universal Insurance Coverage on Health Care Utilization and Health : Evidence from Medicare

Card, David - 2004

We use the increases in health insurance coverage at age 65 generated by the rules of the Medicare program to evaluate … the effects of health insurance coverage on health related behaviors and outcomes. The rise in overall coverage at age 65 …. Finally, there are small impacts of reaching age 65 on self-reported health, with the largest gains among the groups that …

Persistent link: https://www.econbiz.de/10012468328

Behavioral Feedback : Do Individual Choices Influence Scientific Results?

Oster, Emily - 2018

In many health domains, we are concerned that observed links - for example, between "healthy" behaviors and good … vary over time. When a particular health behavior becomes more recommended, the take-up of the behavior may be larger among … people with other positive health behaviors. Such changes in selection would make it even more difficult to learn about …

Persistent link: https://www.econbiz.de/10012480876

A Satellite Account for Health in the United States

Cutler, David M. - 2020

US health sector that appropriately measures health care productivity and applies that to the elderly population between … 1999 and 2012. The central output of the satellite account is health. The primary input is medical care; we also examine … the impact of behavioral risk factors. Our empirical work measures the change in medical spending and health outcomes for …

Persistent link: https://www.econbiz.de/10012481152