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Self-Control, Financial Literacy and Consumer Over-Indebtedness

Gathergood, John - 2012

This paper examines the relationship between self-control, financial literacy and over-indebtedness on consumer credit debt among a sample of U.K. consumers using data from a household survey. Both lack of self-control and financial illiteracy are positively associated with non-payment of...

Persistent link: https://www.econbiz.de/10013114543

Price Complexity and Buyer Confusion in Markets

Kalayci, Kenan - 2011

This paper reports an experiment that examines the effects of price complexity on market prices. In my experimental posted-offer markets, each seller offers an identical good to buyers with homogeneous preferences. First, sellers simultaneously decide on the price and the tariff structure of...

Persistent link: https://www.econbiz.de/10013119593

Financial Literacy and Indebtedness : New Evidence for U.K. Consumers

Gathergood, John - 2011

We utilise questions concerning individual ‘debt literacy' incorporated into market research data on households' unsecured debt positions to examine the association between consumer credit and individual financial literacy. We examine the relationship between individual responses to debt...

Persistent link: https://www.econbiz.de/10013124682

Asymmetric Consumer Search and Reference Prices

McGee, Peter - 2012

One suggested rationale for asymmetric price adjustments by firms is that firms are responding to asymmetric search behavior by consumers. Empirical evidence of asymmetric consumer search is limited due to the difficulties in observing search behavior, but theoretical models assume this...

Persistent link: https://www.econbiz.de/10013102175

Reference-Dependent Preferences and Homeowners' Consumption Responses to Wealth Shocks

Naoi, Michio - 2012

This paper examines the impact of changes in household wealth on homeowners' consumption behavior using recent panel data of Japanese households. For an average household, we find the elasticity of consumption spending with respect to household wealth to be roughly 1.0% for housing and 1.8% for...

Persistent link: https://www.econbiz.de/10013105435

Risk Preferences and Demand Drivers of Extended Warranties

Jindal, Pranav - 2014

We disentangle and study the relative importance of different risk preferences in explaining extended warranty purchases and the high premia paid for them. Empirical and behavioral research on insurance is at odds with whether diminishing returns (curvature of the utility function), or loss...

Persistent link: https://www.econbiz.de/10013064806

Why Advertising Safety Isn’t Safe? Reminder Effect and Consumers’ Responses to Product Quality Information

Ma, Juan - 2017

Many countries regulate the quality of food and drugs, yet it remains unclear whether markets can be relied upon to deliver high quality in the absence of regulation, notably where companies can advertise the superior quality of their products. We present evidence from two field experiments in...

Persistent link: https://www.econbiz.de/10012964629

What Brings a Consumer Back for More? Evidence from Quantifiable Gain and Loss Experiences in Penny Auctions

Lien, Jaimie W. - 2017

Evidence increasingly points to the importance of reference-dependence in predicting consumer behavior. We utilize detailed data from penny auctions, which first appeared as an internet phenomenon in the late 2000's, to uncover how consumers' prior experiences predict their willingness to try a...

Persistent link: https://www.econbiz.de/10012951952

Do Product Reviews Really Reduce Search Costs?

Amblee, Naveen - 2017

The literature on online product reviews is based on the fundamental premise that reviews impact search costs and also affect consumer confidence in their purchase decisions. However, this premise has not been proven in the literature. To this end we conducted an experiment using an eye-tracking...

Persistent link: https://www.econbiz.de/10012955510

Incidence of an Emotional Tax : The Case of Calorie Menu Labeling

Thunstrom, Linda - 2019

Traditionally, information has been assumed to never harm consumers, a notion recently challenged. Salience nudges have …-term consumer welfare impact of a calorie salience nudge (calorie menu labeling) – a policy implemented nationwide in the U.S. in … 2018. To do so, we design a hypothetical restaurant meal experiment. We find a calorie salience nudge may act as an …

Persistent link: https://www.econbiz.de/10012897714