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Consumer Search Costs and Preferences on the Internet

Jolivet, Grégory; Turon, Hélène - Institute for the Study of Labor (IZA) - 2014

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...

Persistent link: https://www.econbiz.de/10011078385

An Economic Analysis of Exclusion Restrictions for Instrumental Variable Estimation

Berg, Gerard J. van den - Institute for the Study of Labor (IZA) - 2007

Instrumental variable estimation requires untestable exclusion restrictions. With policy effects on individual outcomes, there is typically a time interval between the moment the agent realizes that he may be exposed to the policy and the actual exposure or the announcement of the actual...

Persistent link: https://www.econbiz.de/10005763520

Cognitive Ability and Paternalism

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2002

This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...

Persistent link: https://www.econbiz.de/10005761789

Does Economic Uncertainty Affect the Decision to Bear Children? Evidence from East and West Germany

Bhaumik, Sumon Kumar; Nugent, Jeffrey B. - Institute for the Study of Labor (IZA) - 2005

Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …

Persistent link: https://www.econbiz.de/10005822407

Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply

Boone, Jan; van der Wiel, Karen; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2009

It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...

Persistent link: https://www.econbiz.de/10004969337

Economic Development, Novelty Consumption, and Body Weight: Evidence from the East German Transition to Capitalism

Dragone, Davide; Ziebarth, Nicolas R. - Institute for the Study of Labor (IZA) - 2015

This paper develops a conceptual framework that can explain why economic development goes along with increases in body weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food availability due to trade or innovation. Then we study how...

Persistent link: https://www.econbiz.de/10011264784

A Simple Identification Strategy for Gary Becker's Time Allocation Model

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2015

The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...

Persistent link: https://www.econbiz.de/10011268327

Economic Consequences of Mispredicting Utility

Frey, Bruno S.; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2013

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

Persistent link: https://www.econbiz.de/10010884223

Are Children Decision-Makers Within the Household?

Dauphin, Anyck; El Lahga, AbdelRahmen; Fortin, Bernard; … - Institute for the Study of Labor (IZA) - 2008

Children are seldom accounted for in household behavioural models. They are usually assumed to have neither the capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated children through the "caring preferences" of their...

Persistent link: https://www.econbiz.de/10005763884

Relational Contracts, Taxation and the Household

Apps, Patricia; Rees, Ray - Institute for the Study of Labor (IZA) - 2009

This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …

Persistent link: https://www.econbiz.de/10004999151