Showing 1 - 10 of 793
We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and …
Persistent link: https://www.econbiz.de/10012455741
Economic policies often involve dynamic interventions, where individuals receive repeated interventions over multiple periods. This dynamics makes past responses informative to predict future responses and ultimate outcomes depend on the history of interventions. Despite these phenomena,...
Persistent link: https://www.econbiz.de/10014576590
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …
Persistent link: https://www.econbiz.de/10014372499
Despite the incentives of incumbent domestic listed corporations (DLCs) in the electricity generation industry, private equity, institutional investors, and foreign corporations have played an outsized role in financing the energy transition. These new entrants are twice as likely to create...
Persistent link: https://www.econbiz.de/10014635696
response to dynamic electricity prices different from residential or industrial customers. We conduct a field experiment to … determine the extent to which small businesses respond through re-configuration of typical routines throughout the experiment …, we estimate the hourly response patterns of individual appliances to participation in the experiment versus individual …
Persistent link: https://www.econbiz.de/10012481845
It is often asserted that consumers are poorly informed about and inattentive to fuel economy, causing them to buy low-fuel economy vehicles despite their own best interest. This paper presents evidence on this assertion through two experiments providing fuel economy information to new vehicle...
Persistent link: https://www.econbiz.de/10012455605
parameters, which we estimate using a novel within-subject information disclosure experiment. In the context of the model, the …
Persistent link: https://www.econbiz.de/10012458950
Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of durables, under the PIH model, is 100%. This...
Persistent link: https://www.econbiz.de/10012470965
We investigate the empirical significance of borrowing constraints in the market for consumer loans. We set up a theoretical model of consumer loan demand, which in the presence of credit rationing implies restrictions on the elasticities of loan demand with respect to the interest rate and the...
Persistent link: https://www.econbiz.de/10012471067
This paper analyzes how the decision of when to buy a durable good affects both non-durable consumption and business cycle dynamics. At the individual level, we show that the timing of durable goods purchases plays an important role in smoothing consumption over time. In the benchmark case, the...
Persistent link: https://www.econbiz.de/10012471095