Showing 1 - 10 of 41
THE DEVELOPMENT SOCIAL RELATIONSHIP IN OUR TIMES IMPOSE A GROWING IMPORTANCE TO 'TRUST' AS A RESOURCE BETWEEN PERSONAL … REDUCING OF SOCIAL COMPLEXITY IN OUR NEAPOLITAN REALITY, WE ASSUME THAT IS BETTER TO 'RELIANCE' RATHER THAN TO TRUST. FOR THE …
Persistent link: https://www.econbiz.de/10005126102
consumer trust orientations and the frequentation of the different sales channels where organic food can be found. The results … of this study conducted in France and Germany show that consumers in organic food stores put trust in their store but are … neither the heaviest nor the most trusting consumers. Consumers in hypermarkets or supermarkets do not really trust the store …
Persistent link: https://www.econbiz.de/10005062483
We report evidence of three types of consumer switching decision errors within the UK electricity market. We identify consumers who do not switch despite substantial available savings, consumers who switch from a cheaper to a more expensive supplier and consumers who switch to a cheaper, but not...
Persistent link: https://www.econbiz.de/10005412867
We apply an indirect method to test for the extent of loss leader pricing. Specifically, the extent of loss leader pricing should increase with the profit from other regularly-priced items. Bookstores customarily use bestsellers as loss leaders. Among conventional bookstores, we found that the...
Persistent link: https://www.econbiz.de/10005412883
Although the GATT prohibits discriminatory import tariffs, it includes means for circumventing this prohibition. The previous literature uses static models and discriminatory tariffs increase welfare. In a dynamic model, if governments lack the ability to precommit, this is not necessarily true....
Persistent link: https://www.econbiz.de/10005062636
A firm may allow customers to learn the value of its product prior to buying it. This increases their willingness to pay, even though it also leads some not to buy. That strategy may also be used as a competitive tool to increase its product's attractiveness. This paper examines competition...
Persistent link: https://www.econbiz.de/10005118644
We study the value of commitment in contests and tournaments when there are costs for the follower to observe the … itself. We show that this distinction matters significantly: When observation is costly, the value of commitment vanishes … tournaments, the value of commitment is preserved completely, provided that the observation costs are sufficiently small. …
Persistent link: https://www.econbiz.de/10005408421
. While temptation is commonly understood to give rise to a demand for commitment, it is shown that `temptation by future …
Persistent link: https://www.econbiz.de/10005413267
as a primitive and hypothesize that temptation creates a preference for commitment. This paper argues that temptation may … in fact create the absence of a preference for commitment, and that the primitive may not be empirically meaningful since …
Persistent link: https://www.econbiz.de/10005413275
-announced schedule de facto acts as a commitment not to adjust in intermediate periods. We find that at short horizons gains from such … commitment outweigh welfare costs of central bank's inaction. Second, we solve for the optimal frequency of policy adjustment and …
Persistent link: https://www.econbiz.de/10005076774