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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
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Disentangling goods, labor, and credit market frictions in three European economies
Brzustowski, Thomas; Petrosky-Nadeau, Nicolas; Wasmer, … - In: Labour economics : official journal of the European … 50 (2018), pp. 180-196
Persistent link: https://www.econbiz.de/10012129615
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The role of media for consumers' inflation expectation formation
Lamla, Michael (contributor);  … - 2008
This paper analyzes the impact of the media on consumers' inflation expectations. We distinguish two channels through which media can influence expectations. First, the intensity of news coverage on inflation plays a role (volume channel). Second, the content of these reports matters (tone...
Persistent link: https://www.econbiz.de/10003767765
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Knowledge sourcing : legitimacy deficits for MNC subsidiaries?
Schmidt, Tobias; Sofka, Wolfgang - 2009
Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the …
Persistent link: https://www.econbiz.de/10003831958
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Optimistic, but not in control : life-orientation and the theory of mixed control
Urbig, Diemo; Monsen, Erik - 2009
taking and observe a gender effect for one of our new hypotheses. -- Information ; knowledge ; uncertainty ; search …
Persistent link: https://www.econbiz.de/10003809924
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Human capital externalities in Western Germany
Heuermann, Daniel F. - 2009
The paper sheds light on the impact of local human capital endowments on individual wages in Western Germany. Using panel data it shows that regional wage differentials are partly attributable to localized human capital externalities arising from the regional share of highly qualified workers....
Persistent link: https://www.econbiz.de/10003849359
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The quality of insurance intermediary services : an analysis of conduct and performance in the German market of insurance intermediation
Eckardt, Martina - 2006
services provided by them are studied using OLS-estimations. Applying a search theoretical approach, we analyze the impact of …
Persistent link: https://www.econbiz.de/10003883970
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The role of media for inflation forecast disagreement of households and professional forecasters
Maag, Thomas; Lamla, Michael - 2009
This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement of German households and professional forecasters. We adopt a Bayesian learning model in which media coverage of inflation affects forecast disagreement by influencing...
Persistent link: https://www.econbiz.de/10003908680
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Investors with too many options?
Dorn, Daniel - 2010
observed product proliferation imposes a substantial search cost on investors even though the products are homogenous and their … pricing is well understood. The search cost is estimated to average 1% of the amount invested, the same order of magnitude as … the average spread. - OTC derivatives ; price dispersion ; investor behavior ; search costs …
Persistent link: https://www.econbiz.de/10003973343
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The euro cash changeover, inflation perceptions and the media
Lamla, Michael; Lein-Rupprecht, Sarah M. - 2010
In the aftermath of the euro cash changeover consumers’ inflation perceptions rose substantially in the euro area countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large inflationary effect of the euro introduction...
Persistent link: https://www.econbiz.de/10008729146