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We use Swedish data on 330,000 consumer choices of medically equivalent drugs to study the zero-price effect first …, all consumers face the same price-differences between generic substitutes and that about a fifth of the consumers pay a … zero price if they choose the cheapest substitute. Using both regression discontinuity designs and discrete choice models …
Persistent link: https://www.econbiz.de/10012849244
Everyday, millions of decision makers receive advice from one or more sources. Although research has addressed some of the issues concerning how people take and use advice that they are given, less is known about the psychological processes that underlie decision makers' willingness to pay for...
Persistent link: https://www.econbiz.de/10014047840
choice experiment. The results show that although consumers value environmental impact, vehicle performance characteristics …
Persistent link: https://www.econbiz.de/10014160987
A number of self-beneficial motives can trigger pro-environmental and prosocial behavior of individuals. We focus on the role of the warm glow of giving-the personal benefit people experience when doing good irrespective of the consequences-in the valuation of ethically certified food products....
Persistent link: https://www.econbiz.de/10013486110
Recent increases in flexibility and automation in the production of goods and services allow a growing number of suppliers to offer their products in flexible sets of modules from which consumers can create their own individualized packages. This paper addresses the question how consumer choices...
Persistent link: https://www.econbiz.de/10014069861
The present study investigates how the framing of information on the environmental impact of vehicles affects consumers' preferences for identical improvements in car quality. In online choice experiments, the effects of two metrics (fuel consumption vs. CO2 emissions) and three scales of one...
Persistent link: https://www.econbiz.de/10012033491
“Top 5” economics journals. Second, a field experiment at four different open access medical journals elicits authors’ self …
Persistent link: https://www.econbiz.de/10012500292
Persistent link: https://www.econbiz.de/10011616257
Many consumer products today present information regarding an environmental attribute (e.g., recycled content). This information can be expected to augment the other attributes, resulting in an overall increased interest in the product. However, previous research on preferences for environmental...
Persistent link: https://www.econbiz.de/10014046338
) for third-degree price discrimination applications in which buyers have log-normally distributed willingness-to-pay (WTP … restricted to using one metric and no price discrimination cost exists, the pricing metric that best reduces the residual …-to-pay follows other distributions. When the seller incurs price discrimination costs associated with different metrics, the ordering …
Persistent link: https://www.econbiz.de/10014213336