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Price Complexity and Buyer Confusion in Markets
Kalayci, Kenan - 2011
This paper reports an experiment that examines the effects of price complexity on market prices. In my experimental posted-offer markets, each seller offers an identical good to buyers with homogeneous preferences. First, sellers simultaneously decide on the price and the tariff structure of...
Persistent link: https://www.econbiz.de/10013119593
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Buyer Confusion and Market Prices
Kalayci, Kenan - 2011
We employ a price setting duopoly experiment to examine whether buyer confusion increases market prices. Each seller offers a good to buyers who have homogeneous preferences. Sellers decide on the number of attributes of their good and set prices. The number of attributes bears no cost to the...
Persistent link: https://www.econbiz.de/10013127525
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Are the poor more impatient than the rich? : experimental evidence on the effect of (lab) wealth on intertemporal preferences
Siebert, Jan - 2020
Poor people have, on average, a higher marginal propensity to consume. One (out of many) possible explanations for this is that poverty affects impatience. This would have important implications for monetary and fiscal policy. While some macroeconomists simply assume lower individual discount...
Persistent link: https://www.econbiz.de/10012206628
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Let's lock them in : collusion under consumer switching costs
Fourberg, Niklas - 2018
Consumer switching costs cause the market demand of consumers who already bought a supplier's product to be less elastic while they simultaneously increase competition for new consumers. I study the effect of this twofold pricing incentive on firms' price setting behavior in a 2x2 factorial...
Persistent link: https://www.econbiz.de/10011892961
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Who cares for social image? : interactions between intrinsic motivation and social image concerns
Friedrichsen, Jana; Engelmann, Dirk - 2013
We consider the interaction of intrinsic motivation and concerns for social approval in a laboratory experiment. We elicit a proxy for Fairtrade preferences before the experiment in which we elicit willingness to pay for conventional and Fairtrade chocolate. Treatments vary whether this can be...
Persistent link: https://www.econbiz.de/10010223073
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Who Cares about social image?
Friedrichsen, Jana; Engelmann, Dirk - 2017
This paper experimentally investigates how concerns for social approval relate to intrinsic motivations to purchase ethically. Participants state their willingness-to-pay for both a fair trade and a conventional chocolate bar in private or publicly. A standard model of social image predicts that...
Persistent link: https://www.econbiz.de/10011587460
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Choice, deferral, and consistency
Costa‐Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1297-1318
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced‐choice experiments and models can be helpful in separating people …
Persistent link: https://www.econbiz.de/10013382078
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Who cares for social image? : interactions between intrinsic motivation and social image concerns ; conference paper
Friedrichsen, Jana; Engelmann, Dirk - 2013
We consider the interaction of intrinsic motivation and concerns for social approval in a laboratory experiment. We elicit a proxy for Fairtrade preferences before the experiment. In the experiment, we elicit willingness to pay for conventional and Fairtrade chocolate. Treatments vary whether...
Persistent link: https://www.econbiz.de/10010342805
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Understanding effect sizes in consumer psychology
Dias, Rodrigo S.; Spiller, Stephen; Fitzsimons, Gavan J. - In: Marketing letters : a journal of research in marketing 34 (2023) 3, pp. 367-374
Persistent link: https://www.econbiz.de/10014334011
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Consumption Structure Repercussions
Georgiou, Miltiades N. - 2017
Since household consumption depends among others on income, it will be of interest to examine the change of household consumption structure due to income changes. This will be useful to supply chain management as well as policy makers. Our sample refers to Western Europe, USA and Japan during...
Persistent link: https://www.econbiz.de/10012942056