This paper examines the model of party patronage in Serbia and its impact on the professionalisation of public administration. Drawing on case studies of the appointment and subsequent performance of heads of three prominent public organisations – the National Bank of Serbia, the...

Research on gender differences in confidence have largely used experiments or surveys to assess male confidence or over-confidence relative to females. Underconfidence is sometimes implied but measurement has not been presented. This study uses a simple, easily replicable natural experiment to...

Two firms with asymmetric costs sell horizontally differentiated goods in a market with repeat purchases. They are able to distinguish between their own and their rival’s customers on the basis of purchase histories and offer prices accordingly. Further, some consumers are not only myopic but...

We study the consumer response to the extension of a perishable food item’s shelf life. We develop a theoretical model that describes a utility maximizing consumer planning for an uncertain number of consumption occasions. This model permits prediction of both changes in the purchase and waste...

In the digital age, understanding decision-making processes has become increasingly vital. It is germane for individuals, businesses and managers to understand the complexities of overloaded data to navigate the information era properly and make intelligent decisions. The availability of...

In today’s world there is a massive competition in the market. The consumers are often in the clutter of lots of information regarding the brands. Consumer’s perception regarding a brand can be influenced by psychological factors, social factors or personal factors. During this time,...

Time discounting suggests that people devalue future outcomes, such that they value the objectively same amount of benefit more if it occurs sooner, rather than later in time. However, receiving future benefits is often the outcome of achieving specific goals. Until such goals have been...

Using a proprietary dataset from an Australian leading FinTech lender, we provide insights into the effect of consumer behaviour on FinTech lending patterns. Out of seven consumption categories, gambling expenses significantly reduce the lender’s willingness to fulfill loan requests. Cash...

This paper studies the role of loss-averse consumers' expectations about their future consumption in the pricing policy of a monopolistic firm in a dynamic setting. The firm offers a contract consisting of two units of service and the consumer makes two sequential consumption choices: to buy the...

Data being the lubricant of any interest-based advertising, control over access to data has become a central competitive factor in the advertising business; and a focal point of several antitrust investigations. The dependence of data on the part of a publisher, an advertiser or an ad tech...