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The impact of price frames on consumer decision making : experimental evidence
Baake, Pio; Huck, Steffen - 2013
on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect … domestic food prices. Our first result is that export tariffs are strategic complements and that for poor harvests equilibrium … tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay …
Persistent link: https://www.econbiz.de/10010230311
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Social influences towards conformism in economic experiments
Heap, Shaun Hargreaves - 2014
This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
Persistent link: https://www.econbiz.de/10010230894
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Consumer search and stock-out : a laboratory experiment
Kittaka, Yuta; Mikami, Ryo - 2020
We investigate the overall impact of stock-out on individual consumers' information search behavior through both search-theoretic and experimental approaches. As the probability of stock-out increases, search intensity decreases, while the expected number of searches may increase. Such increases...
Persistent link: https://www.econbiz.de/10012291229
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Behavior-based price discrimination under endogenous privacy
Heiny, Friederike; Li, Tianchi; Tolksdorf, Michel - 2020
experiment. We find that there is a large share of consumers who reveal their private data. Particularly, less privacy …
Persistent link: https://www.econbiz.de/10012150165
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Competing Against Simulated Equilibrium Price Dispersions : An Experiment on Internet-Assisted Search Markets
García-Gallego, Aurora; Georgantzis, Nikolaos; … - 2008
In a four-treatment experiment, we test some of the hypotheses in Garcia-Gallego et al.(2004) concerning competition …
Persistent link: https://www.econbiz.de/10014061266
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Consumer Search and Stock-out : A Laboratory Experiment
Kittaka, Yuta; Mikami, Ryo - 2020
We investigate the overall impact of stock-out on individual consumers' information search behavior through both search-theoretic and experimental approaches. As the probability of stock-out increases, search intensity decreases, while the expected number of searches may increase. Such increases...
Persistent link: https://www.econbiz.de/10014031559
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Immiserizing growth and the Metzler paradox in the Ricardian model
Collie, David R. - 2009
is possible for some parameter values. -- Immiserizing Growth ; Metzler Paradox ; Import Tariffs ; Ricardian Model …
Persistent link: https://www.econbiz.de/10003876964
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Immiserizing growth and the Metzler paradox in the Ricardian model
Collie, David R. - In: International economic journal 26 (2012) 1, pp. 141-154
Persistent link: https://www.econbiz.de/10009520584
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Oligopolistic Competition and Search Without Priors
Parakhonyak, Alexei - 2013
I study a model of oligopolistic competition in which consumers search for prices, but have no idea about the underlying price distribution. Consumers' behaviour satisfies four consistency requirements such that beliefs about the underlying distribution maximize Shannon entropy. I derive the...
Persistent link: https://www.econbiz.de/10013081956
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Attention competition
Hefti, Andreas - 2011
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one hand the effort to attract consumer attention depends on the value of attention to the firm which depends on the grade of price competition among all perceived firms. On the other...
Persistent link: https://www.econbiz.de/10009739425