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Persistent link: https://www.econbiz.de/10013258282
Summary We consider a market with a profit-maximizing monopolistic firm. Utility-maximizing consumers either buy one unit of the good or none at all. The demand for the good is influenced by local social interactions. That is, the utility which a consumer derives from the consumption of the good...
Persistent link: https://www.econbiz.de/10014609093
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Persistent link: https://www.econbiz.de/10005389065
Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has significantly decreased cartel activity. We develop a classroom experiment that captures key features of leniency programs. Our treatments include an exploitable and a non-exploitable...
Persistent link: https://www.econbiz.de/10011122738
In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We approached about 4500 households, each participating in an all-pay auction, a lottery, a non-anonymous voluntary contribution mechanism (VCM), or an anonymous VCM. In contrast...
Persistent link: https://www.econbiz.de/10010736911
In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We approached about 4500 households, each participating in an all-pay auction, a lottery, a non-anonymous voluntary contribution mechanism (VCM), or an anonymous VCM. In contrast...
Persistent link: https://www.econbiz.de/10010776959
We survey 1050 consumers who have just redeemed one or more open loop gift certificates to learn whether they view gift certificate income, cash gifts and non-gift income as substitutes. We find that the majority (83%) of recipients spend the certificates in the same way as cash. The other...
Persistent link: https://www.econbiz.de/10011048552
type="main" <p>To foster competition, governments can intervene by auctioning licenses to operate, or by imposing divestitures. The Dutch government has done exactly that, organizing auctions to redistribute tenancy rights for highway gasoline stations and imposing divestitures of such stations on...</p>
Persistent link: https://www.econbiz.de/10011038014
We develop an empirical discrete-choice interaction model with a finite number of agents. We characterize its equilibrium properties-in particular the correspondence between interaction strength, number of agents, and the set of equilibria-and propose to estimate the model by means of simulation...
Persistent link: https://www.econbiz.de/10005764717