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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
Berlin IO Day

The 11th Berlin IO Day

The Berlin IO Day is a one-day workshop sponsored by the Berlin Centre for Consumer Policies (BCCP) and supported by the Berlin's leading academic institutions, including DIW Berlin, ESMT Berlin, Humboldt-Universität zu Berlin, and Technische Universität Berlin which takes place twice a year, in the Fall and in the Spring. The aim is to create an international forum for high quality...

15.03.2019| Giacomo Calzolari, Tobias Gamp, Alessandro Iaria, Pasquale Schiraldi, Nicholas Schutz
Berlin Applied Micro Seminar (BAMS)

How Effective Is Black-box Digital Consumer Profiling and Audience Delivery?: Evidence from Field Studies

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

04.02.2019| Catherine E. Tucker (Massachusetts Institute of Technology)
Diskussionspapiere 1881 / 2020

Sin Taxes and Self-Control

“Sin taxes” are high on the political agenda in the global fight against obesity. Ac- cording to theory, they are welfare improving if consumers with low self-control are at least as price responsive as consumers with high self-control, even in the absence of ex- ternalities. In this paper, we investigate if consumers with low and high self-control react differently to sin tax variation. For identification, ...

2020| Renke Schmacker, Sinne Smed
Externe referierte Aufsätze

Do Prices and Purchases Respond Similarly to Soft Drink Tax Increases and Cuts?

While in January 2012, Denmark increased the long-standing tax on sugary soft drinks, the tax was cut byhalf in July 2013 and then completely repealed in January 2014. In this study, we examine whetherincreases and cuts of the soft drink tax lead to similar over- or under-shifting to prices and to similardemand responses. We use longitudinal scanner data of 1,282 Danish households to estimate within-product ...

In: Economics and Human Biology 37 (2020), 100864, 10 S. | Renke Schmacker, Sinne Smed
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
Berlin IO Day

The 13th Berlin IO Day (postponed to spring 2021)

The Berlin IO Day is a one-day workshop sponsored by the Berlin Centre for Consumer Policies (BCCP) and supported by the Berlin's leading academic institutions, including DIW Berlin, ESMT Berlin, Humboldt-Universität zu Berlin, and Technische Universität Berlin. The aim is to create an international forum for high quality research in Industrial Organization in the heart of Berlin, one of...

18.09.2020| Rosa Ferrer, Holger Herz, Thomas Otter, Bertel Schjerning, Yossi Spiegel
Externe referierte Aufsätze

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
Brown Bag Seminar Industrial Economics

Decomposing Trust

Abstract:  Trust is thought to be an important driver of economic growth and other economic outcomes. Previous studies suggest that trust may be a combination of risk attitudes, distributional preferences, betrayal aversion, and beliefs about the probability of being reciprocated. We compare the results of a binary trust game to the results of a series of control treatments that remove the...

28.02.2020| Jana Friedrichsen
Brown Bag Seminar Industrial Economics

Consumer Rating Dynamics

(joint with André Stenzel and Peter Schmidt) We consider dynamic price-setting in the presence of rating systems and asymmetric information about product quality. We provide a framework in which the price charged determines the characteristics of purchasing consumers. The price has two effects on future ratings: (i) a direct price effect on reviews, and (ii) an indirect selection effect...

28.06.2019| Christoph Wolf
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