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We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011936493
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011811807
structure of the sellers? information and, even more importantly, on the intensity of competition allowed by the trading rules …. When there is intense competition (absence of clienteles), information is fully and immediately revealed to the buyers in … arrangements characterized by less intense forms of competition (presence of clienteles), for any n we always have equilibria where …
Persistent link: https://www.econbiz.de/10010261280
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Smartphone app designers often use behavioral design to influence users, increase sales, and boost advertising revenue. Behavioral design relies on elements ranging from app appearance to black-box algorithms and personalization. It commonly exploits behavioral biases, such as the lack of...
Persistent link: https://www.econbiz.de/10014294136
-term consumer welfare impact of a calorie salience nudge (calorie menu labeling) – a policy implemented nationwide in the U.S. in …
Persistent link: https://www.econbiz.de/10012897714
Energy labels have been introduced in many countries to increase consumers' attention to energy use in purchase decisions of durables. In a discrete-choice experiment among about 5,000 households, we implement randomized information treatments to explore the effects of various kinds of energy...
Persistent link: https://www.econbiz.de/10012978674
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10013111461