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Remedies for Price Overcharges : The Deadweight Loss of Coupons and Discounts
Polinsky, A. Mitchell - 2003
This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...
Persistent link: https://www.econbiz.de/10012468532
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Prices and Coupons for Breakfast Cereals
Nevo, Aviv - 1999
This paper explores the relationship between shelf prices and manufacturers' coupons for 25 ready-to-eat breakfast cereals. Contrary to the predictions of static monopoly price discrimination, we find the shelf prices for a particular brand in a particular city are generally lower during periods...
Persistent link: https://www.econbiz.de/10012471875
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Do Firms Use Coupons and In-store Discounts to Strategically Market Experience Goods Over the Consumption Life-Cycle? The Case of Cigarettes
Sfekas, Andrew - 2013
Cigarettes are experience goods - most of their utility value only gets revealed when one consumes them. We hypothesize a three phase consumer life cycle for experience goods. Consumers initially do not know their utility from the good or their preferences for particular characteristics, and may...
Persistent link: https://www.econbiz.de/10012459352
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The Effect of Stock Ownership on Individual Spending and Loyalty
Medina, Paolina C.; Mittal, Vrinda; Pagel, Michaela - National Bureau of Economic Research - 2021
In this study, we quantify the effects of receiving stocks from certain brands on spending in the brand's stores. We use data from a new FinTech company called Bumped that opens brokerage accounts for its users and rewards them with stocks when they shop at previously elected stores. For...
Persistent link: https://www.econbiz.de/10012482694
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How Do Copayment Coupons Affect Branded Drug Prices and Quantities Purchased?
Dafny, Leemore S.; Ho, Katherine; Kong, Edward - National Bureau of Economic Research - 2022
commercial and Medicare Advantage plans. Using data on net-of-rebate prices and quantities from a large Pharmacy Benefits Manager … year after introduction, but do not differentially impact net-of-rebate prices, at least in the short-run. To quantify the …
Persistent link: https://www.econbiz.de/10012938704
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Contracting over Pharmaceutical Formularies and Rebates
Ho, Katherine; Lee, Robin S. - National Bureau of Economic Research - 2024
manufacturers over menus of formulary-contingent rebate payments and then selects a formulary. We then estimate how formulary … predictions align with aggregate rebate data, and we find that allowing a PBM to place branded drugs on preferred and non …-preferred tiers can substantially increase negotiated rebate payments …
Persistent link: https://www.econbiz.de/10015056114
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The Pricing Strategies of Online Grocery Retailers
Aparicio, Diego; Metzman, Zachary; Rigobón, Roberto - National Bureau of Economic Research - 2021
Matched product data is collected from the leading online grocers in the U.S. The same exact products are identified in scanner data. The paper documents pricing strategies within and across online (and offline) retailers. First, online retailers exhibit substantially less uniform pricing than...
Persistent link: https://www.econbiz.de/10012510518
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Creative Destruction? Impact of E-Commerce on the Retail Sector
Chava, Sudheer; Oettl, Alexander; Singh, Manpreet; … - National Bureau of Economic Research - 2022
Using an administrative payroll dataset for 2.6 million retail workers, we find that the staggered rollout of a major e-commerce firm's fulfillment centers reduces traditional retail workers' income in geographically proximate counties by 2.4%. Wages of hourly workers, especially part-time...
Persistent link: https://www.econbiz.de/10013210105
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Human-Algorithm Interactions : Evidence from Zillow.com
Fu, Runshan; Jin, Ginger Zhe; Liu, Meng - National Bureau of Economic Research - 2022
Using bi-weekly snapshots of Zillow in three US cities, we document how home sellers and buyers interact with Zillow's Zestimate algorithm during the sales cycle of residential properties. We find that listing and selling outcomes respond significantly to Zestimate, and Zestimate is quickly...
Persistent link: https://www.econbiz.de/10013172179
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Who Benefits from Online Gig Economy Platforms?
Stanton, Christopher T.; Thomas, Catherine - National Bureau of Economic Research - 2021
This paper estimates the magnitude and distribution of surplus from the knowledge worker gig economy using data from an online labor market. Labor demand elasticities determine workers' wages, and buyers' past market experience shapes both their job posting frequency and hiring rates. We find...
Persistent link: https://www.econbiz.de/10012696386