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Persistent link: https://www.econbiz.de/10014454427
We study the role of reciprocity in markets where expert-sellers have more information about the severity of a problem faced by a consumer. We employ a standard experimental credence goods market to introduce the possibility for consumers to gift the expert-seller before the diagnostic, where...
Persistent link: https://www.econbiz.de/10012609077
Imperfect information is widely acknowledged to hamper the adoption of energy efficient technologies. In this paper, we study supply-side implications of the associated incentive structure. We build on existing evidence suggesting that energy efficiency owns a credence component, whereby the...
Persistent link: https://www.econbiz.de/10012007705
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This field experiment quantifies the impact of social norm information on the demand for indoor temperature. Based on high-frequency data from indoor temperature monitors, we provide participating households with a comparison of average temperature in their apartments relative to that measured...
Persistent link: https://www.econbiz.de/10012112505
Social comparison feedback, i.e. informing people about the behavior of others, has been shown to influence prosocial behavior in many domains, including tax compliance and energy conservation. We argue that heterogeneity in people's (un)willingness to consult the corresponding information...
Persistent link: https://www.econbiz.de/10011916634
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Ambiguous tasks present information that is subject to varying interpretations. Extensive research suggests that ambiguous tasks may lead to dishonest behaviour in various contexts (e.g. claiming back expenses or setting project deadlines), because individuals interpret the information in...
Persistent link: https://www.econbiz.de/10014324814
Imperfect information is widely acknowledged to hamper the adoption of energy efficient technologies. In this paper, we study supply-side implications of the associated incentive structure. We build on existing evidence suggesting that energy efficiency owns a credence component, whereby the...
Persistent link: https://www.econbiz.de/10012156221