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Toward a Holistic Approach to Central Bank Trust
Eickmeier, Sandra; Petersen, Luba - National Bureau of Economic Research - 2024
We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank … psychology, we offer a fresh perspective on the factors influencing central bank trust that is more holistic than the … their trust in the ECB, tend to express higher trust in the ECB. Conversely, those who place greater importance on values …
Persistent link: https://www.econbiz.de/10014635679
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How Well Does Bargaining Work in Consumer Markets? A Robust Bounds Approach
Larsen, Bradley J.; Freyberger, Joachim - National Bureau of Economic Research - 2021
This study provides a structural analysis of detailed, alternating-offer bargaining data from eBay, deriving bounds on buyers and sellers private value distributions using a range of assumptions on behavior. These assumptions range from very weak (assuming only that acceptance and rejection...
Persistent link: https://www.econbiz.de/10012616649
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Returns to Consumer Search : Evidence from eBay
Blake, Thomas - 2016
A growing body of empirical literature finds that consumers are relatively limited in how much they search over product characteristics. We assemble a dataset of search and purchase behavior from eBay to quantify the returns, and thus implied costs, to consumer search on the internet. The...
Persistent link: https://www.econbiz.de/10012456373
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The Limits of Reputation in Platform Markets : An Empirical Analysis and Field Experiment
Nosko, Chris - 2015
We argue that reputation mechanisms used by platform markets suffer from two problems. First, buyers may draw conclusions about the quality of the platform from single transactions, causing a reputational externality across sellers. Second, for a variety of reasons we discuss, reputations will...
Persistent link: https://www.econbiz.de/10012457836
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Consumer Price Search and Platform Design in Internet Commerce
Dinerstein, Michael - 2014
Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer...
Persistent link: https://www.econbiz.de/10012458251
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Market Structure, Reputation, and the Value of Quality Certification
Elfenbein, Daniel - 2014
Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...
Persistent link: https://www.econbiz.de/10012458590
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Randomization for Causality, Ethnography for Mechanisms : Illiquid Savings for Liquor in an Autarkic Society
Godoy, Ricardo A.; Karlan, Dean; Zinman, Jonathan - National Bureau of Economic Research - 2021
What should researchers do when confronted with surprising results? Financial access innovations usually leave "temptation" spending unaffected or reduced. However, we found that promotion of savings lockboxes in a largely autarkic society increased alcohol consumption and blood pressure,...
Persistent link: https://www.econbiz.de/10012794594
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(Almost) 200 Years of News-Based Economic Sentiment
Binsbergen, Jules H. van; Bryzgalova, Svetlana; … - National Bureau of Economic Research - 2024
Using text from 200 million pages of 13,000 US local newspapers and machine learning methods, we construct a 170-year-long measure of economic sentiment at the country and state levels, that expands existing measures in both the time series (by more than a century) and the cross-section. Our...
Persistent link: https://www.econbiz.de/10014468226
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Greater Than the Sum of Its Parts : Aggregate vs. Aggregated Inflation Expectations
Dietrich, Alexander M.; Knotek, Edward S.; Myrseth, … - National Bureau of Economic Research - 2023
This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on nearly 60,000 respondents, our data comprise the early...
Persistent link: https://www.econbiz.de/10014436953
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Can Financial Incentives Help People Trying to Establish New Habits? Experimental Evidence with New Gym Members
Carrera, Mariana - 2017
We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a health behavior. Our experiment randomized 836 new members of a private gym into a control...
Persistent link: https://www.econbiz.de/10012455115