We consider a market-for-lemons model where the seller is a price setter, and, in addition to observing the price, the buyer receives a private noisy signal of the product's quality, such as when a prospective buyer looks at a car or house for sale, or when an employer interviews a job...

This paper studies whether exposure to mass media and liking advertising are associated with an increased impulse buy tendency, and whether the availability of a credit card acts as a facilitating stimulus. It is found that impulse buys are positively associated with exposure to commercial...

Langfristige Lieferverträge sind ein wichtiges institutionelles Arrangement des Ressourcensektors, mit dem ein Abbauunternehmen Risiken verlagern kann. Der Beitrag untersucht die Inzidenz langfristiger Verträge auf das Abbauprofil und die Risikoallokationseigenschaften der Verträge. Dabei...

Until a few generations ago, humans made their living by foraging, like other animals.We have therefore inherited genes that allowed our ancestors to thrive as hunters andgatherers. Thriving in a modern economy requires very different behaviours but wecope because the human brain evolved to be...