Showing 1 - 8 of 8
This paper analyses market efficiency and the role of the virtual location in digital markets using a data set containing more than 23,000 price observations from the online market for contact lenses as well as detailed information about online retailer and product characteristics. The data...
Persistent link: https://www.econbiz.de/10010297335
This paper analyses market efficiency and the role of the virtual location in digital markets using a data set containing more than 23,000 price observations from the online market for contact lenses as well as detailed information about online retailer and product characteristics. The data...
Persistent link: https://www.econbiz.de/10005098170
Benkard (2005) by using a simple functional form for utility. Preferences are very heterogeneous and observable demographic …
Persistent link: https://www.econbiz.de/10011575159
This paper investigates the impact of studying the first-choice university subject on dropout and switching field of study for a cohort of students in Germany. Using detailed survey data, and employing an instrumental variable strategy based on variation in the local field of study availability,...
Persistent link: https://www.econbiz.de/10013273905
This study explores the long-run effects of a temporary scarcity of a consumption good on preferences towards that good …
Persistent link: https://www.econbiz.de/10014446277
standard preferences. We investigate whether the empirical breakdown of this equivalence is due to (non-standard) preferences … needed to derive the optimal bidding strategy). We first elicit measures of individual preferences and then manipulate the … differing complexity between the two formats rather than non-standard preferences. …
Persistent link: https://www.econbiz.de/10011754320
We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are loss averse. In a first step, we derive a revenue equivalence principle. Fixing the multi-stage structure, the revenue is independent of the chosen payment rule. Secondly, we introduce a simple two-stage...
Persistent link: https://www.econbiz.de/10012146978
-making is still largely seen as a black box. We provide novel insights into the preferences of bureaucrats regarding their work …
Persistent link: https://www.econbiz.de/10012498741