Showing 1 - 10 of 129
We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms offer two-part tariffs consisting of a linear price and lump-sum fee. The equilibrium production is socially efficient as the linear price of equilibrium two-part tariffs equals to...
Persistent link: https://www.econbiz.de/10012698585
We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants' choice behavior for the existence of stable and incentive compatible mechanisms. Our results imply that...
Persistent link: https://www.econbiz.de/10013464276
Benkard (2005) by using a simple functional form for utility. Preferences are very heterogeneous and observable demographic …
Persistent link: https://www.econbiz.de/10011575159
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
-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
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
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
The availability of quantity information along with expenditure information in some household surveys allows the estimation of price reactions on the basis of unit values. We compare two specifications that have been proposed in this context by Deaton (1990) and Crawford et al. (1997) in order...
Persistent link: https://www.econbiz.de/10009642601
This paper assesses the effects that an introduction of the French family splitting mechanism would have on German families' labour supply and intra-household consumption behaviour. We use simulated real world microdata created by means of a 'deterministic' collective labour supply model. The...
Persistent link: https://www.econbiz.de/10010297284