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Systemic Usury and the European Consumer Credit Directive

Wucher ist ein häufiges Phänomen auf den Verbraucherkreditmärkten und betrifft insbesondere Haushalte mit niedrigem Einkommen. Obwohl der Begriff Wucher Bilder eines gierigen Individuums beschwört, das bewusst handelt, um die schwache Verhandlungsposition eines anderen mit irreführenden und sogar betrügerischen Mitteln auszunutzen, betrachten wir ihn als systemisches Problem: als ein Problem der sozialen ...

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 ...

The Value of Data for Prediction Policy Problems: Evidence from Antibiotic Prescribing

This is an online seminar using Cisco Webex. You will receive the login data with the invitation to the talk. Abstract:   Large-scale personal data collection for the purpose of personalized predictions has been driven by high expectations of efficiency gains in many business and policy settings. Yet, quantifying the trade-off between the costs of linking disconnected silos of personal...

Active Learning Improves Financial Education: Experimental Evidence

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast to insignificant impacts ...

Where is the Consumer Center? A Case of St. Petersburg

In an urban economy, the distribution of people and real estate prices depends on the location of the central business district of a city. As distance from the city center increases, both prices and population density diminish, for travel costs increase in terms of time and money. As manufacturing gradually leaves the cities, the importance of consumer amenities as attractors of population to the urban ...

Antibiotic Resistance: Socio-Economic Determinants and the Role of Information and Salience in Treatment Choice (ABRSEIST)

Antibiotics have contributed to a tremendous increase in human well-being, saving many millions of lives. However, antibiotics become obsolete the more they are used as selection pressure promotes the development of resistant bacteria. The World Health Organization has proclaimed antibiotic resistance as a major global threat to public health. Today, 700,000 deaths per year are due to...

Drug Firms’ payments and physician prescribing behavior in the US

Antibiotic Prescribing and Diagnostic Testing: Physician Behavior in the Case of Urinary Tract Infection

Abstract: When a patient with symptoms of urinary tract infection arrives at a physician's office, it needs to decide which antibiotic drug to prescribe. A drug's efficacy in treating the infection depends on the individual, time-dependent resistance profile of the bacterium causing the infection. Physicians can conduct antibiotic susceptibility tests in order to create current resistance profiles...

Home Ownership and Monetary Policy Transmission

We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to unexpected changes in the policy rate in Germany and Switzerland –the OECD countries with the lowest home ownership ...

Financial Literacy and Financial Behavior: Evidence from the Emerging Asian Middle Class

This paper analyses financial literacy and financial behavior of middle class people living in an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of ...