Showing 1 - 10 of 67
model of digital addiction and estimate it using a randomized experiment. Temporary incentives to reduce social media use …
Persistent link: https://www.econbiz.de/10012585420
We study how political factors shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation reduces prices, but does not hurt quality of services or...
Persistent link: https://www.econbiz.de/10012455639
Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...
Persistent link: https://www.econbiz.de/10014322855
A standard model of addictive process is Becker and Murphy's rational addiction' model, which has the key empirical … per pack of cigarettes should be at least one dollar higher under our formulation than in the rational addiction case …
Persistent link: https://www.econbiz.de/10012471269
a causal relationship between present and future consumption. This test of addiction is based on the definition of … addiction commonly used in the economics literature. It has two key advantages over previous tests for addiction. First, our …
Persistent link: https://www.econbiz.de/10012463905
A large literature examines the addictive properties of such behaviors as smoking, drinking alcohol and eating. We argue that for some people addictive behavior may apply to a much more central aspect of economic life: working. Workaholism is subject to the same concerns about the individual as...
Persistent link: https://www.econbiz.de/10012467112
There is a large body of literature in both psychology and economics documenting mistaken perceptions of randomness. In this paper we demonstrate that people appear to believe that "lightning will strike twice" when it comes to lottery jackpots. First, we show that in the week following the sale...
Persistent link: https://www.econbiz.de/10012467397
This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional...
Persistent link: https://www.econbiz.de/10012468190
We propose an economic theory of addiction based on the premise that cognitive mechanisms such as attention affect … neurosciencee and psychology) concerning the nature of decision-making and addiction. The model is analytically tractable, and it … accounts for a broad range of stylized facts concerning addiction. It also generates a plausible qualitative mapping from the …
Persistent link: https://www.econbiz.de/10012469377
addiction. In contrast to prior research, we allow individuals to make their consumption decisions simultaneous with savings and … labor supply. When addictive goods have a stronger habit formation effect (an addiction effect'), individuals choose to save … less due to the anticipated adverse health consequences of addiction (a detrimental health effect'). This is particularly …
Persistent link: https://www.econbiz.de/10012469460