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99 cent: Price Points in E-Commerce
Kummer, Michael E.; Hackl, Franz; Winter-Ebmer, Rudolf - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10010274540
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99 cent: Price points in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10010300383
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99 cent: Price points in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10008494184
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99 Cent : Price Points in E-Commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - 2010
This paper attempts to shed light on the pricing behaviour of firms or sellers in market places with price competition. In particular, it aims at testing the mechanism that lies at the heart of one of the most famous models in economics, namely the Bertrand model of competition. This model...
Persistent link: https://www.econbiz.de/10014195446
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99 cent : price points in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10009488700
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99 cent : price points in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10008934962
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99 cent : price points in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf - 2010
Basu (2006) argues that the prevalence of 99 cent prices in shops can be explained with rational consumers who disregard the rightmost digits of the price. This bounded rational behaviour leads to a Bertrand equilibrium with positive markups. We use data from an Austrian price comparison site...
Persistent link: https://www.econbiz.de/10003961466
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The Health Externalities of Downsizing
Ahammer, Alexander; Grübl, Dominik; Winter-Ebmer, Rudolf - 2021
We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on high‐quality administrative...
Persistent link: https://www.econbiz.de/10014000591
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Mandatory wage posting, bargaining and the gender wage gap
Frimmel, Wolfgang; Schmidpeter, Bernhard; Wiesinger, Rene; … - 2022
We evaluate whether revealing wage information in job vacancies is able to change the gender wage gap. In 2011, the … Austrian Equal Treatment Law mandated every vacancy to include a minimum wage offer. This mandatory wage information makes the …. Our general results show a small effect of the provision of wage information, reducing the gender gap somewhat. Taking up …
Persistent link: https://www.econbiz.de/10014278429
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External pay transparency and the gender wage gap
Frimmel, Wolfgang; Schmidpeter, Bernhard; Wiesinger, Rene; … - 2023
We show that providing publicly available wage information in vacancies, so-called external pay transparency, can … exploit a reform of Austria's Equal Treatment Law to evaluate how providing wage information in vacancies affects the gender … wage gap. To take into account that the value of providing such external pay information is likely to be heterogeneous …
Persistent link: https://www.econbiz.de/10014309877