Showing 1 - 10 of 17
Network sharing agreements have become increasingly widespread in mobile telecommunications markets. They carry undeniable advantages to operators and consumers alike, but also the potential for consumer harm. Not all NSAs are created equal: the assessment of the balance of harm and benefits to...
Persistent link: https://www.econbiz.de/10011990449
We measure risk aversion and patience in a non-incentivized way using a representative sample of the Hungarian adult population. We elicit risk aversion with a task similar to Gneezy and Potters (1997)’s investment game and find that females risk about 8.5 % less than males when we do not...
Persistent link: https://www.econbiz.de/10014108957
A recent stream of experimental economics literature studies the factors that contribute to the emergence of financial bubbles. We consider a setting where participants sorted according to their degree of risk aversion trade in experimental asset markets. We show that risk sorting is able to...
Persistent link: https://www.econbiz.de/10012892324
This paper introduces the possibility of signaling into a finite-depositor version of the Diamond-Dybvig model. More precisely, the decision to keep the funds in the bank is assumed to be unobservable, but depositors are allowed to make it observable by signaling, at a cost. Depositors decide...
Persistent link: https://www.econbiz.de/10013135812
We study the effects of deposit insurance and observability of previous actions on the emergence of bank runs by means of a controlled laboratory experiment. We consider three depositors in the line of a common bank. Depositors decide in sequence between withdrawing or keeping their money...
Persistent link: https://www.econbiz.de/10013087666
We report experimental evidence on the effect of observability of actions on bank runs. We model depositors' decision-making in a sequential framework, with three depositors located at the nodes of a network. Depositors observe the other depositors' actions only if connected by the network. A...
Persistent link: https://www.econbiz.de/10013087690
We study the Diamond-Dybvig model of fi nancial intermediation (JPE, 1983) under the assumption that depositors have information about previous decisions. Depositors decide sequentially whether to withdraw their funds or continue holding them in the bank. If depositors observe the history of all...
Persistent link: https://www.econbiz.de/10013073720
The influential study by Chen (2013) shows that the degree to which languages require future events to be grammatically marked is associated with future-oriented behavior, often referred to as the linguistic-savings hypothesis. Recent studies have attempted to unveil the mechanisms behind this...
Persistent link: https://www.econbiz.de/10014357698
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