Showing 131 - 140 of 183
By providing feedback to customers on home electricity and natural gas usage with a focus on peer comparisons, utilities can reduce energy consumption at a low cost. We analyze data from two large-scale, random-assignment field experiments conducted by utility companies providing electricity...
Persistent link: https://www.econbiz.de/10013070742
Notwithstanding ERISA's fiduciary requirements, a significant portion of 401(k) plans establish investment menus with options that predictably lead to substantial underperformance of retirement portfolios. Utilizing data from more than 3,500 401(k) plans with more than $120 billion in assets, we...
Persistent link: https://www.econbiz.de/10013058341
In some contexts, an individual's choice to mimic the behavior of others, to join the herd, can increase systemic risk and retard the production of information. Herding can thus produce negative externalities. And in such situations, individuals by definition have insufficient incentives to...
Persistent link: https://www.econbiz.de/10013058375
Many mutual fund shareholders invest in funds with supra-competitive fees that reduce their expected return even though lower cost alternatives are available. While financial arbitrage could address this problem, conventional arbitrage is difficult to implement in the mutual fund market. This...
Persistent link: https://www.econbiz.de/10013061281
Persistent link: https://www.econbiz.de/10003890841
Persistent link: https://www.econbiz.de/10010248303
Persistent link: https://www.econbiz.de/10009708218
Persistent link: https://www.econbiz.de/10010387274
Persistent link: https://www.econbiz.de/10008839657
Persistent link: https://www.econbiz.de/10010442970