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Good rankings are bad - Why reliable rankings can hurt consumers

Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011

due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …

Persistent link: https://www.econbiz.de/10009385758

Obesity and Price Sensitivity at the Supermarket

Gandal, Neil; Shabelansky, Anastasia - C.E.P.R. Discussion Papers - 2009

correlated with obesity. Our main result is that, even after controlling for income levels and other factors, we find that high … 'price-sensitivity' for food products is associated with high obesity rates. We find that a woman who stated that prices were … that price was 'very important.' This suggests that the price effect is not trivial and obesity is a problem that is not …

Persistent link: https://www.econbiz.de/10008528537

The Cost of Binge Drinking

Francesconi, Marco; James, Jonathan - C.E.P.R. Discussion Papers - 2015

-term externalities of binge drinking. We find that these externalities are on average £4.9 billion per year ($7 billion), about £80 for …

Persistent link: https://www.econbiz.de/10011168897

Infection, Acquired Immunity and Externalities in Treatment

Toxvaerd, Flavio - C.E.P.R. Discussion Papers - 2010

This paper considers a model of infectious disease, such as swine flu, in which privately costly treatment confers immunity on recovered individuals. It is shown that under decentralized decision making, infected individuals ignore the externality that their treatment has on susceptible...

Persistent link: https://www.econbiz.de/10008784738

Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs

Cole, Harold; Kim, Soojin; Krueger, Dirk - C.E.P.R. Discussion Papers - 2012

This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …

Persistent link: https://www.econbiz.de/10011084411

Price Controls and Consumer Surplus

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised. When demand is linear, a small restriction on price only increases consumer surplus if the elasticity of demand exceeds the elasticity of supply; with log-linear or...

Persistent link: https://www.econbiz.de/10004976788

Capital Taxation under Political Constraints

Scheuer, Florian; Wolitzky, Alexander - C.E.P.R. Discussion Papers - 2015

This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, sustainable policies are those that will continue to attract enough political support in the future. We find that...

Persistent link: https://www.econbiz.de/10011168909

Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters

Nocco, Antonella; Ottaviano, Gianmarco; Salto, Matteo - C.E.P.R. Discussion Papers - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...

Persistent link: https://www.econbiz.de/10011083607

The New Stylized Facts About Income and Subjective Well-Being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Persistent link: https://www.econbiz.de/10011083711

Subjective and Objective Indicators of Racial Progress

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Persistent link: https://www.econbiz.de/10011084479