Schmale, H.; Ehrmann, T.; Dilger, A. - In: Applied Economics 45 (2013) 7, pp. 933-941
We use a large data set of German railway travellers to analyse the purchasing decision for fare-reducing BahnCards. We expect that this tariff choice is neither completely rational nor irrational, but bounded-rational in a meaningful way. Actually we predict a flat-rate bias, i.e. an under-use...