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Multidimensional Private Information, Market Structure and Insurance Markets
Fang, Hanming - 2016
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...
Persistent link: https://www.econbiz.de/10012455907
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Internet Retail Demand : Taxes, Geography, and Online-Offline Competition
Ellison, Glenn - 2006
Data on sales of memory modules are used to explore several aspects of e-retail demand. There is a strong relationship between e-retail sales to a given state and sales tax rates that apply to purchases from online retailers. This suggests that there is substantial substitution between online...
Persistent link: https://www.econbiz.de/10012466426
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The Dominance of Retail Stores
Ziegler, Alexandre - 2003
Most items are sold to consumers by retail stores. Stores have two features that distinguish them from auctions. First, the price is posted and a consumer who values the good at more than the posted price is sold the good. Second, the sale takes place as soon as the consumer decides to buy. In...
Persistent link: https://www.econbiz.de/10012468903
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Selling Subscriptions
Einav, Liran; Klopack, Benjamin; Mahoney, Neale - National Bureau of Economic Research - 2023
Retailers are increasingly selling goods and services via subscriptions instead of spot markets. In this paper, we study one benefit to the retailer of selling subscriptions: the possibility that - presumably because of inattention or inertia - consumers continue to pay for subscriptions after...
Persistent link: https://www.econbiz.de/10014337781
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The Power of Asking : How Communication Affects Selfishness, Empathy, and Altruism
Andreoni, James - 2010
communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between … recipients had been able to ask, even when they were silent. We conclude that communication dramatically influences altruistic …
Persistent link: https://www.econbiz.de/10012462283
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Insurance Decision-Making For Rare Events : The Role Of Emotions
Kunreuther, Howard - 2015
This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how individuals make insurance choices for low-probability, high-consequence events. Participants were told the probability and resulting losses of a hurricane occurring and were informed...
Persistent link: https://www.econbiz.de/10012457780
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Persuading Investors : A Video-Based Study
Hu, Allen; Ma, Song - National Bureau of Economic Research - 2021
Persuasive communication functions not only through content but also delivery, e.g., facial expression, tone of voice …
Persistent link: https://www.econbiz.de/10012599338
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Bayesian Persuasion with Lie Detection
Ederer, Florian; Min, Weicheng - National Bureau of Economic Research - 2022
How does lie detection constrain the potential for one person to persuade another to change her action? We consider a model of Bayesian persuasion in which the Receiver can detect lies with positive probability. We show that the Sender lies more when the lie detection probability increases. As...
Persistent link: https://www.econbiz.de/10013210093
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A Penny for Your Thoughts
Hanlon, W. Walker; Heblich, Stephan; Monte, Ferdinando; … - National Bureau of Economic Research - 2022
How do communication costs affect the production of new ideas and inventions? To answer this question, we study the … showing how a fall in communication costs can increase the rate at which scientific knowledge is exchanged and new ideas and … and urban economics positing that more ideas can emerge from communication between individuals …
Persistent link: https://www.econbiz.de/10013210104
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Data Analysis, Communication, and Control
Welsch, Roy E. - 1974
The role of data analysis in communication, persuasion, and decision-making is discussed. Some problems with current … data-analysis practice are presented, including communication, complex models, large data bases, one-pass processing, rigid …
Persistent link: https://www.econbiz.de/10012479059