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Parting with "blue monday" : preferences in home production and consumer responses to innovations

Witt, Ulrich; Woersdorfer, Julia Sophie - 2011

How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in constraints without specifying preferences, leading to the...

Persistent link: https://www.econbiz.de/10009236027

Remittances, banking status and the usage of insurance schemes

Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

Persistent link: https://www.econbiz.de/10003983213

Remittances, Banking Status and the Usage of Insurance Schemes

Crayen, Dorothee - 2013

Persistent link: https://www.econbiz.de/10013094542

The economic insurance value of ecosystem resilience

Baumgärtner, Stefan; Strunz, Sebastian - 2009

often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services … "insurance" and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how … insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the level of …

Persistent link: https://www.econbiz.de/10003872506

Risk Preferences Over Small Stakes : Evidence from Deductible Choice

Gorter, Janko - 2012

on deductible choice in Dutch universal health insurance, we find that risk preferences are a dominant factor in decision … explaining deductible choice behavior than risk type. This finding contrasts with classical expected utility theory, as it …

Persistent link: https://www.econbiz.de/10013109915

An Experimental Assessment of Reference-Dependent Models of Context Effects

Heydari, Pedram - 2019

In a choice experiment with 1866 Amazon Mechanical Turk workers in the domain of cars, we test some of the predictions of a family of multi-attribute choice models that incorporate a menu-dependent reference point whose value in every attribute is the minimum value of that attribute among the...

Persistent link: https://www.econbiz.de/10012865193

Consumer Choice Rule While Examing Similar Consumption Bundles : Rational Choice to Behavioural Bias

Vikramaditya, Vibhu - 2021

The study tries to recognize the behaviour of the consumer with respect to the opportunity cost and marginal benefit associated with the commodity. The research tries to evaluate the factors and identify behavioural traits of consumers if they exist in decision making. The study also tries to...

Persistent link: https://www.econbiz.de/10013237102

Consumer Choice Rule While Examining Similar Consumption Bundles : Rational Choice to Behavioral Bias

Vikramaditya, Vibhu - 2021

The study tries to recognize the behavior of the consumer with respect to the opportunity cost and marginal benefit associated with the commodity. The research tries to evaluate the factors and identify behavioral traits of consumers if they exist in decision making. The study also tries to...

Persistent link: https://www.econbiz.de/10013245656

Consumer Behaviour under the General Data Protection Regulation

Jensen, Martin - 2019

This research paper was conducted in anticipation of the European Union’s new General Data Protection Regulation taking effect on the 25th May 2018. This research is carried out with the intent to discover if the new legislation has a significant impact on consumer rights and consumer...

Persistent link: https://www.econbiz.de/10014107192

Choice, deferral, and consistency

Costa‐Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1297-1318

We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...

Persistent link: https://www.econbiz.de/10013382078