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Complex pricing and consumer-side attention

Fischer, Christian; Rasch, Alexander; Wenzel, Tobias - 2020

This paper analyzes a market in which two horizontally differentiated firms compete by setting menus of two-part tariffs, and in which some consumers are not informed about the linear per-unit price component. We consider two regulatory interventions that limit firms’ ability to price...

Persistent link: https://www.econbiz.de/10012385361

Ambiguity and investor behavior

Kostopoulos, Dimitrios; Meyer, Steffen; Uhr, Charline - 2020

We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of more than 100,000 individual investors from a large German online brokerage from March 2010 to December 2015. We find that an increase in ambiguity is associated with increased...

Persistent link: https://www.econbiz.de/10012387918

Public R&D investment in economic crises

Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2020 - This version: November 2020

We study the cyclicality of public R&D in 28 OECD countries (1995-2017). While procyclical on average, public R&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also heterogeneous across countries: Innovation leaders and followers...

Persistent link: https://www.econbiz.de/10012390728

Parental paternalism and patience

Kiessling, Lukas; Chowdhury, Shyamal K.; … - 2021

We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and aim to mitigate it. Using a novel method to measure...

Persistent link: https://www.econbiz.de/10012403892

Optimal switch from a fossil-fueled to an electric vehicle

Falbo, Paolo; Ferrari, Giorgio; Rizzini, Giorgio; … - 2020

In this paper we propose and solve a real options model for the optimal adoption of an electric vehicle. A policymaker promotes the abeyance of fossil-fueled vehicles through an incentive, and the representative fossil-fueled vehicle's owner decides the time at which buying an electric vehicle,...

Persistent link: https://www.econbiz.de/10012405315

Coase and cap-and-trade : evidence on the independence property from the European carbon market

Zaklan, Aleksandar - 2021 - Updated version of DP 1850

This paper tests the independence property under the Coase Theorem in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System (EU ETS). I analyze whether emissions of power producers regulated under the EU ETS are independent from allowance...

Persistent link: https://www.econbiz.de/10012406224

Dynamics and synchronization of global equilibrium interest rates

Beyer, Robert; Milivojevic, Lazar - 2021

With the COVID-19 pandemic, the intense debate about secular stagnation will become even more important. Empirical estimates of equilibrium real interest rates are so far mostly limited to advanced economies, since no statistical procedure suitable for a large set of countries is available. This...

Persistent link: https://www.econbiz.de/10012414469

Interprovincial efficiency differentials in Indonesia's pre-and post-crisis economy

Kataoka, Mitsuhiko - 2016

) concluded that these are largely determined by the labor productivity differential, using the Duro and Esteban (1998) inequality … additive inequality decomposition of Theil's second measure by causal factors and showed that interregional income inequality …. Their method improves Duro and Esteban's (1998) inequality decomposition in which terms can take positive or negative values …

Persistent link: https://www.econbiz.de/10012418162

Environmental efficiency measurement when producers control pollutants under heterogeneous conditions: a generalization of the materials balance approach

Eder, Andreas - Agricultural Land Markets - Efficiency and Regulation - 2020

This article provides a generalization of the materials balance-based production model introduced by Coelli et al. (2007). Based on this, some new environmental efficiency (EE) measures are presented. The Coelli et al. (2007) EE measure and its extension by Rødseth (2016) produce biased...

Persistent link: https://www.econbiz.de/10012418909

Parameter uncertainty in policy planning models : using portfolio management methods to choose optimal policies under world market volatility

Mukashov, Askar - 2021

This paper suggests using portfolio management methods in policy planning models as a practical tool for determining optimal policy under model parameter uncertainty. We suggest that in addition to calculating the standard policy return estimates, policy options should also be analyzed from the...

Persistent link: https://www.econbiz.de/10012419412