Topic Consumers

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325 results, from 121
  • SOEPpapers 1026 / 2019

    Willingness to Take Risk: The Role of Risk Conception and Optimism

    We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of personality, and that it predicts real-life risk taking. The general risk question captures this disposition ...

    2019| Thomas Dohmen, Simone Quercia, Jana Willrodt
  • Externe Monographien

    All-Pay Competition with Captive Consumers

    We study a game in which two firms compete in quality to serve a market consisting of consumers with different initial consideration sets. If both firms invest below a certain quality threshold, they only compete for those consumers already aware of their existence. Above this threshold, a firm is visible to all and the highest quality attracts all consumers. In equilibrium, firms do not choose their ...

    Lancaster: Lancaster University Management School, 2019, 31 S.
    (Economics Working Paper Series ; 18)
    | Renaud Foucart, Jana Friedrichsen
  • Refereed essays Web of Science

    Drivers of Renewable Technology Adoption in the Household Sector

    Using data from the German Socio-Economic Panel, we undertake a simultaneous assessment of the importance of factors that are individually found to be significant for the adoption of renewable energy systems by households but are not yet tested jointly. These are sociodemographic and housing characteristics, environmental concern, personality traits, and economic factors; i.e. the expected costs of ...

    In: Energy Economics 81 (2019), S. 216-226 | Anke Jacksohn, Peter Grösche, Katrin Rehdanz, Carsten Schröder
  • Refereed essays Web of Science

    The Effect of Peer Observation on Consumption Choices: Evidence from a Lab-In-Field Experiment

    We investigate the impact of peer observation on consumption decisions using a lab-in-field experiment. Respondents make consumption decisions either alone or under peer observation. We find evidence for peer effects. We are able to study these further by looking into the mechanism and performing detailed heterogeneity analysis. Concerning the mechanisms, we find evidence for an information channel. ...

    In: Applied Economics 51 (2019), 55, S. 5937-5951 | Antonia Grohmann, Sahra Sakha
  • Diskussionspapiere 1835 / 2019

    The Effect of a Leniency Rule on Cartel Formation and Stability: Experiments with Open Communication

    Cartels can severely harm social welfare. Competition authorities introduced leniency rules to destabilize existing cartels and hinder the formation of new ones. Empirically, it is difficult to judge the success of these measures because functioning cartels are unobservable. Existing experimental studies confirm that a leniency rule indeed reduces cartelization. We extend these studies by having a ...

    2019| Maximilian Andres, Lisa Bruttel, Jana Friedrichsen
  • DIW Weekly Report 39 / 2019

    Monetary Policy Can Have Heterogeneous Effects on the Investment Behavior of Women and Men

    The ultra-loose monetary policy of recent years has raised concerns that the low interest rate environment may overly benefit households with specific demographic and financial characteristics. In this context, monetary policy can be a potential driver of gender wealth inequality, since women are known to be more risk averse, less financially literate, and to participate less in the financial markets ...

    2019| Caterina Forti Grazzini, Chi Hyun Kim
  • Diskussionspapiere 1823 / 2019

    The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

    This RCT examines the effect of a new style finance training during which participants are given personalized feedback on their financial business outcomes in addition to a “rules-of-thumb” training approach. We compare this to the effects of a “rules-of-thumb” training by itself and to a control group. Targeting about 500 small and micro entrepreneurs in Kampala, Uganda, we find that the personalized ...

    2019| Antonia Grohmann, Lukas Menkhoff, Helke Seitz
  • Diskussionspapiere 1816 / 2019

    Income Redistribution, Consumer Credit, and Keeping up with the Riches

    In this study, we set up a DSGE model with upward looking consumption comparison and show that consumption externalities are an important driver of consumer credit dynamics. Our model economy is populated by two different household types. Investors, who hold the economy’s capital stock, own the firms and supply credit, and workers, who supply labor and demand credit to finance consumption. Furthermore, ...

    2019| Mathias Klein, Christopher Krause
  • Refereed essays Web of Science

    How Consumers Trade Off Supply Security and Green Electricity: Evidence from Germany and Great Britain

    The expansion of renewable energies requires infrastructure investments to at least maintain the stability of electricity grids. Using survey data from residential consumers in Germany and Great Britain, we infer in pecuniary terms the extent to which people are prepared to reward the presence of renewable resources in electricity production and how they trade off this change in the fuel mix against ...

    In: Energy Economics 84 (2019), Suppl. 1, 104528 | Christine Merk, Katrin Rehdanz, Carsten Schröder
  • DIW Roundup 130 / 2019

    Do Default Assignments Increase Savings of the Poor? Empirical Evidence

    Although households in developing and emerging countries are relatively poor, there is potential to save. For example, one study estimates that up to 8.1% of a poor household’s budget in such countries is spent on so-called temptation goods, like alcohol, tobacco, and festivals (Banerjee and Duflo, 2007). At the same time, many households are aware of the fact that they do not save enough. They name ...

    2019| Eva Haaser, Melanie Koch
325 results, from 121
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