Similar Search Results

Costa-Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative Economics 13 (2022) 3, pp. 1297-1318

We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced-choice experiments and models can be helpful in separating people …

Persistent link: https://www.econbiz.de/10014536896

Contracts, biases and consumption of access services

Leider, Stephen G.; Sahin, Özge - 2012

We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...

Persistent link: https://www.econbiz.de/10010280840

Sustainability and the problem of consumption

Witt, Ulrich - 2011

Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this process consumer behavior has been changing. To explain the driving forces of this development, the paper introduces a theory of evolving consumer preferences that is molded in an...

Persistent link: https://www.econbiz.de/10010286752

The dynamics of consumer behavior and the transition to sustainable consumption patterns

Witt, Ulrich - 2011

Strong growth in disposable income has driven, and is still driving, consumption to unprecedented, but not sustainable levels. To explain the dynamic interplay of needs, need satisfaction, and innovation underlying that growth a behavioral theory of consumption is suggested and discussed with...

Persistent link: https://www.econbiz.de/10010286761

Transitivity of preferences: When does it matter?

Cherchye, Laurens; Demuynck, Thomas; De Rock, Bram - In: Theoretical Economics 13 (2018) 3, pp. 1043-1076

We define necessary and sufficient conditions on prices and incomes under which quantity choices can violate SARP (Strong Axiom of Revealed Preference) but not WARP (Weak Axiom of Revealed Preference). As SARP extends WARP by additionally imposing transitivity on the revealed preference...

Persistent link: https://www.econbiz.de/10012010051

Parting with "blue monday": Preferences in home production and consumer responses to innovations

Witt, Ulrich; Woersdorfer, Julia Sophie - 2011

How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in constraints without specifying preferences, leading to the...

Persistent link: https://www.econbiz.de/10010286759

Identity, homophily and in-group bias

Currarini, Sergio; Menge, Friederike - 2012

their relations and interplay is yet missing. In this paper we report thendings of an experiment designed to address this …

Persistent link: https://www.econbiz.de/10010282981

Market experience is a reference point in judgments of fairness

Herz, Holger; Taubinsky, Dmitry - 2013

People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...

Persistent link: https://www.econbiz.de/10010333105

Organizations, diffused pivotality and immoral outcomes

Falk, Armin; Szech, Nora - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …

Persistent link: https://www.econbiz.de/10010316436

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …

Persistent link: https://www.econbiz.de/10010317014