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demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this …
Persistent link: https://www.econbiz.de/10011309652
does not seem to arise because these measures: (a) focus on different components of the uncertainty, (b) rely on context …
Persistent link: https://www.econbiz.de/10012903893
We study the problem a diagnostic expert (e.g., a physician) faces when offering a diagnosis to a client (e.g., a patient) that may be based only on her own diagnostic ability or supplemented by a diagnostic test — conventional and artificial intelligence (AI) tools alike — revealing the...
Persistent link: https://www.econbiz.de/10012850030
three-part tariffs and assess how consumer demand uncertainty impacts tariff choice. We develop a discrete/continuous model … accurately. Our empirical work shows that demand uncertainty is a key driver of choice among three-part tariffs. Consumers …, demand uncertainty decreases consumer surplus and increases provider revenue. A further analysis of consumers' responsiveness …
Persistent link: https://www.econbiz.de/10012757055
There is a substantial literature in medical journals examining the marketing and promotional efforts of pharmaceutical firms. This literature is generally critical of those efforts, focusing on the negative aspects of promotion. Although the literature is expressed in empirical and scientific...
Persistent link: https://www.econbiz.de/10014027690
Uncertainty-seeking behavior is currently understood as the result of loss aversion which motivates a preference for … others, we offer responsibility aversion as another possible motive for uncertainty-seeking behavior. Within our conceptual … uncertainty-seeking behavior …
Persistent link: https://www.econbiz.de/10013109755
This paper investigates situations where a sizable sub-set of consumers prefer an inferior (dominated) offer made by an established brand to a superior (dominating) offer made by a less-established brand. Established brands are those for which consumers hold more confident beliefs concerning...
Persistent link: https://www.econbiz.de/10010357571
aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost … the entrepreneurial incentive problems. By reducing demand uncertainty, crowdfunding promotes welfare and complements …
Persistent link: https://www.econbiz.de/10011541093
This paper shows how travellers that are faced with a series of risky choices become behaviourally inert due to a combination of risk aversion and learning. Our theoretical analyses complement other studies that conceive inertia as resulting from the wish to save cognitive resources. We first...
Persistent link: https://www.econbiz.de/10013115569
The number of individual investors who trade stocks online has significantly increased in recent years. Surprisingly, consumer researchers have paid little attention to how emotions influence individual investors' stock-trading decisions. In a series of three experiments, this paper investigates...
Persistent link: https://www.econbiz.de/10013123648