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We examine the profitability of personalized pricing policies that are derived using different specifications of demand in a typical retail setting with consumer-level panel data. We generate pricing policies from a variety of models, including Bayesian hierarchical choice models, regularized...
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heterogeneity by investigating how personal characteristics, preferences, and socio-economic background relate to incentives and …Incentives are supposed to increase effort, yet individuals react differently to incentives. We examine this …
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heterogeneity by investigating how personal characteristics, preferences, and socio-economic background relate to incentives and …Incentives are supposed to increase effort, yet individuals react differently to incentives. We examine this …
Persistent link: https://www.econbiz.de/10015062056
We study the role of an enforcer in the effectiveness of selective incentives in solving the collective action problem … valuations are homogeneous, our source of heterogeneity induces full cost- sharing and the first-best individual contributions …; further, the group probability of winning goes up. With heterogeneity in prize valuations, an increase in the effectiveness of …
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incentives based on measurable worker characteristics. To do so, we ran two large-scale experiments. The key results are that (i … heterogeneity in worker responses to different schemes, and (iii) a targeted assignment of schemes to individual workers increases … performance in a second experiment significantly above the level achieved by the single best scheme. …
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