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Asymmetric Price Adjustment "in the Small:" An Implication of Rational Inattention

Levy, Daniel; Chen, Haipeng (Allan); Ray, Sourav; … - 2004

Analyzing scanner price data that cover 27 product categories over an eight-year period from a large Mid-western supermarket chain, we uncover a surprising regularity in the data—small price increases occur more frequently than small price decreases. We find that this asymmetry holds for price...

Persistent link: https://www.econbiz.de/10013204746

Imitators and optimizers in Cournot oligopoly

Schipper, Burkhard C. - 2005

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....

Persistent link: https://www.econbiz.de/10010266401

Indirect Evolution versus Strategic Delegation: A Comparison of Two Approaches to Explaining Economic Institutions

Dufwenberg, Martin; Güth, Werner - 1998

Two major methods of explaining economic institutions, namely by strategic choices or through (indirect) evolution, are compared for the case of a homogenous quadratic duopoly market. Sellers either can provide incentives for agents to care for sales, or evolve as sellers who care for sales in...

Persistent link: https://www.econbiz.de/10010321706

Cournot competition between teams: an experimental study

Schipper, Burkhard C.; Raab, Philippe - 2007

In the economic literature on market competition, firms are often modelled as individual decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior...

Persistent link: https://www.econbiz.de/10010276634

An empirical analysis of risk, incentives and the delegation of worker authority

Devaro, Jed; Kurtulus, Fidan Ana - 2011

We address four empirical questions in this paper. Is there empirical support for: 1) the risk-incentives tradeoff predicted by agency theory? 2) a positive relationship between authority and incentives? 3) a positive relationship between risk and authority? 4) the main testable implication of...

Persistent link: https://www.econbiz.de/10010287889

Mentoring and Segregation: Female-Led Firms and Gender Wage Policies

Cardoso, Ana Rute; Winter-Ebmer, Rudolf - 2007

We explore the impact of mentoring of females and gender segregation on wages using a large longitudinal data set for … Portugal. Female managers can protect and mentor female employees by paying them higher wages than male-led firms would do. We … find that females can enjoy higher wages in female-led firms, the opposite being true for males. In both cases is a higher …

Persistent link: https://www.econbiz.de/10010294591

Employer provided training in Austria: Productivity, wages and wage inequality

Böheim, René; Schneeweis, Nicole; Wakolbinger, Florian - 2009

, wages, and the inequality of wages within firms. While the average amount spent on employer-provided training is low in … IT-courses. We find a significant relationship between training and wages, the coefficient is about 0.05. We find no … significant effect of training on the inequality of wages within firms. …

Persistent link: https://www.econbiz.de/10010294844

Can robbery and other theft help explain the textbook currency-demand puzzle? Two dreadful models of money demand with an endogenous probability of crime

Hannsgen, Greg - 2008

This paper attempts to explain one version of an empirical puzzle noted by Mankiw (2003): a Baumol-Tobin inventory-theoretic money demand equation predicts that the average adult American should have held approximately $551.05 in currency and coin in 1995, while data show an average of $100. The...

Persistent link: https://www.econbiz.de/10010266585

Subprime consumer credit demand: evidence from a lender's pricing experiment

Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. We were given details of a randomized interest rate experiment conducted by the lender between October 2006 and January 2007. Access to such information is rare....

Persistent link: https://www.econbiz.de/10010273685

Anti-consumerism: Stick or carrot?

Bos, Iwan; Maccarrone, Giovanni; Marini, Marco - 2024

Anti-consumerism is a doctrine that aims to discourage excessive consumption because of its damaging effect on the environment. It can either focus on creating psychic costs for consumers (a 'stick') or psychic benefits for non-consumers (a 'carrot'). This paper examines the impact of these two...

Persistent link: https://www.econbiz.de/10014548223

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