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Unshrouding Effects on Demand for a Costly Add-on: Evidence from Bank Overdrafts in Turkey

Alan, Sule; Cemalcilar, Mehmet; Karlan, Dean S.; … - C.E.P.R. Discussion Papers - 2015

Models of shrouding predict that firms lack incentives to compete on add-on prices. Working with a large Turkish bank to test SMS direct marketing promotions to 108,000 existing checking account holders, we find that messages promoting a large discount on the overdraft interest rate reduce...

Persistent link: https://www.econbiz.de/10011168904

Secondary Issues and Party Politics: An Application to Environmental Policy

Anesi, Vincent; De Donder, Philippe - C.E.P.R. Discussion Papers - 2008

The paper develops a political economy model to assess the interplay between political party formation and an environmental policy dimension viewed as secondary to the redistributive dimension. We define being a secondary issue in terms of the intensity of preferences over this issue rather than...

Persistent link: https://www.econbiz.de/10005498009

Electoral Competition through Issue Selection

Aragonés, Enriqueta; Castanheira, Micael; Giani, Marco - C.E.P.R. Discussion Papers - 2012

Politics must tackle multiple issues at once. In a first-best world, political competition constrains parties to prioritize issues according to the voters' true concerns. In the real world, the opposite also happens: parties manipulate voter priorities by emphasizing issues selectively during...

Persistent link: https://www.econbiz.de/10011083955

The Role of Salience in Performance Schemes: Evidence from a Field Experiment

Englmaier, Florian; Roider, Andreas; Sunde, Uwe - C.E.P.R. Discussion Papers - 2012

tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically … and economically important for performance. We find that higher salience of incentives for quantity increases quantity …

Persistent link: https://www.econbiz.de/10011084038

Salience, Risky Choices and Gender

Booth, Alison; Nolen, Patrick - Research School of Economics, College of Business and … - 2012

salient. Using experimental data we show that salience affects young men and women differently, even after controlling for …

Persistent link: https://www.econbiz.de/10009493101

Rational Inattention to Subsidies for Charitable Contributions

Scharf, Kimberley; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2010

Recent evidence suggests that individuals do not always take notice of tax attributes when making their choices. This paper focuses on the case of tax relief for charitable contributions. Although a fully rational donor should view a matched payment to the receiving charity and a tax rebate of...

Persistent link: https://www.econbiz.de/10008468705

Party Formation and Racism

Anesi, Vincent; De Donder, Philippe - C.E.P.R. Discussion Papers - 2007

We develop a model where voters differ in their exogenous income and in their ideological views regarding what we call 'racism'. Electoral competition, modelled à la Levy (2004), takes place between (one or several) parties which propose platforms consisting of both an ideological and an...

Persistent link: https://www.econbiz.de/10005114242

Redistributive Politics with Distortionary Taxation

Crutzen, Benoît SY; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2006

We extend the discussion of redistributive politics across electoral systems to allow for taxation to be distortionary. We allow politicians to choose any tax rate between zero and unity and then redistribute the money collected. We build on the model put forward by Myerson (1993) and Lizzeri...

Persistent link: https://www.econbiz.de/10005504298

Optimal Taxation and Monopsonistic Labour Market: Does Monopsony Justify the Minimum Wage?

Cahuc, Pierre; Laroque, Guy - C.E.P.R. Discussion Papers - 2007

We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...

Persistent link: https://www.econbiz.de/10005504333

Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies: Ricardian Equivalence, Fiscal Stabilization and EMU

Bayoumi, Tamim; Masson, Paul R - C.E.P.R. Discussion Papers - 1998

This paper looks at theoretical and empirical issues associated with the operation of fiscal stabilizers within an economy. It argues that such stabilizers operate most effectively at a national, rather than local, level. As differing cycles across regions tend to offset each other for the...

Persistent link: https://www.econbiz.de/10005504538