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The firms in this model set non-binding list prices before competing for buyers by non-cooperatively granting discounts. Each firm has an incentive to set a high list price if, for example, the customers anchor their willingness-to-pay on the list price. However, list price competition occurs if...
Persistent link: https://www.econbiz.de/10012099187
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The firms in this model set non-binding list prices before competing for buyers by non-cooperatively granting discounts. Each firm has an incentive to set a high list price if, for example, the customers anchor their willingness-to-pay on the list price. However, list price competition occurs if...
Persistent link: https://www.econbiz.de/10012314193
behavior. Finally, in Study 4, we tested the hypothesis that self-knowledge, despite not eliminating anchoring effects, does … still attenuate anchoring. However, we found no evidence that self-knowledge reduced anchoring: subjects' judgments of their … discuss implications of these findings for research on domain knowledge and anchoring, as well as for research on the …
Persistent link: https://www.econbiz.de/10011145653
assimilated toward the anchor values. This effect was moderated by time limit such that the anchoring effects were larger when the …
Persistent link: https://www.econbiz.de/10008855789
Persistent link: https://www.econbiz.de/10009403795
This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria …
Persistent link: https://www.econbiz.de/10010281520
of WTP in the presence of starting point bias; (2) whether or not these biases depend on the distribution of WTP and on … starting point bias is complex and depends on the true distribution of WTP. Bid set dummies tend to soak up misspecifications …We examine starting point bias in CV surveys with dichotomous choice payment questions and follow-ups, and double …
Persistent link: https://www.econbiz.de/10010312398
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