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points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10010329457
Temptation and self-control in intertemporal choice environments are receiving increasing attention in the theoretical economics literature. Nevertheless, there remains a scarcity of empirical evidence from controlled environments informing behavior under repeated temptations. This is...
Persistent link: https://www.econbiz.de/10010270250
Online platforms provide search tools that help consumers to get better-fitting product offers. But this technology makes consumer search behavior also easily traceable and allows for real-time price discrimination. Consumers face a trade-off: Search intensely and receive a better fit at a...
Persistent link: https://www.econbiz.de/10011892015
We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...
Persistent link: https://www.econbiz.de/10012099168
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …
Persistent link: https://www.econbiz.de/10011892131
aversion may either undermine or underpin the effectiveness of bonus contracts to induce effort. The data of our experiment …
Persistent link: https://www.econbiz.de/10011892143
investigated in a simple gift-exchange experiment, thereby testing the fair wage-fair process-effort hypothesis. Before principals …
Persistent link: https://www.econbiz.de/10010270106
deductible or variable premiums (bonus-malus contract). In our experiment filing fraudulent claims is a dominant strategy for …
Persistent link: https://www.econbiz.de/10010270113
experiment and introduce another treatment with exogenously determined contract types. Like FHZ we find reference point effects …
Persistent link: https://www.econbiz.de/10010271433
This paper tests two basic assumptions underlying court made or statutory provisions prohibiting predatory pricing. Such prohibitions are usually based on the economic grounds that monopolistic pricing is likely to occur in the long run, causing harm to competition and consumers. The first...
Persistent link: https://www.econbiz.de/10010273135