TY - JOUR A1 - Schumacher, Reinhard T1 - Rezension zu: Dale, Gareth: Karl Polanyi: a life on the left. - New York: Columbia University Press, 2016. - xii, 381 S. - ISBN: 978-0-231-17608-8 JF - Journal of the history of economic thought Y1 - 2018 U6 - https://doi.org/10.1017/S1053837217000220 SN - 1053-8372 SN - 1469-9656 VL - 40 IS - 2 SP - 296 EP - 298 PB - Cambridge Univ. Press CY - New York ER - TY - JOUR A1 - Bruttel, Lisa Verena T1 - The effects of recommended retail prices on consumer and retailer behaviour JF - Economica N2 - This paper presents results from an experiment on the effects of recommended retail prices on consumer and retailer behaviour. We present evidence that recommended retail prices, despite their non-binding nature, influence consumers’ willingness to pay by setting a reference point. At a given price, consumers buy more the higher the recommended retail price is, and their demand drops at prices above the recommended retail price, even when it is entirely uninformative about the value of the product. Retailers in this study are subject to similar anchoring effects, but they do not anticipate consumers’ behaviour well and are thus not able to exploit their behavioural biases. Y1 - 2018 U6 - https://doi.org/10.1111/ecca.12218 SN - 0013-0427 SN - 1468-0335 VL - 85 IS - 339 SP - 649 EP - 668 PB - Wiley CY - Hoboken ER - TY - JOUR A1 - Borck, Rainald A1 - Wrede, Matthias T1 - Spatial and social mobility JF - Journal of Regional Science N2 - This paper analyzes the relationship between spatial mobility and social mobility. It develops a two-skill-type spatial equilibrium model of two regions with location preferences where each region consists of an urban area that is home to workplaces and residences and an exclusively residential suburban area. The paper demonstrates that relative regional social mobility is negatively correlated with segregation and inequality. In the model, segregation, income inequality, and social mobility are driven by differences between urban and residential areas in commuting cost differences between high-skilled and low-skilled workers, and also by the magnitude of taste heterogeneity. KW - inequality KW - segregation KW - social mobility KW - spatial mobility Y1 - 2018 U6 - https://doi.org/10.1111/jors.12382 SN - 0022-4146 SN - 1467-9787 VL - 58 IS - 4 SP - 688 EP - 704 PB - Wiley CY - Hoboken ER - TY - JOUR A1 - Bruttel, Lisa Verena A1 - Gueth, Werner T1 - Asymmetric voluntary cooperation BT - a repeated sequential best-shot experiment JF - International Journal of Game Theory N2 - This paper tests the robustness of voluntary cooperation in a sequential best shot game, a public good game in which the maximal contribution determines the level of public good provision. Thus, efficiency enhancing voluntary cooperation requires asymmetric behavior whose coordination is more difficult. Nevertheless, we find robust cooperation irrespective of treatment-specific institutional obstacles. To explain this finding, we distinguish three behavioral patterns aiming at both, voluntary cooperation and (immediate) payoff equality. KW - Best shot game KW - Coordination KW - Transfer KW - Refund KW - Experiment Y1 - 2018 U6 - https://doi.org/10.1007/s00182-018-0633-y SN - 0020-7276 SN - 1432-1270 VL - 47 IS - 3 SP - 873 EP - 891 PB - Springer CY - Heidelberg ER - TY - JOUR A1 - Bruttel, Lisa Verena T1 - Is There a Loyalty-Enhancing Effect of Retroactive Price-Reduction Schemes? JF - Review of industrial organization N2 - This paper presents an experiment on the effect of retroactive price-reduction schemes on buyers’ repeated purchase decisions. Such schemes promise buyers a reduced price for all units that are bought in a certain time frame if the total quantity that is purchased passes a given threshold. This study finds a loyalty-enhancing effect of retroactive price-reduction schemes only if the buyers ex-ante expected that entering into the scheme would maximize their monetary gain, but later learn that they should leave the scheme. Furthermore, the effect crucially hinges on the framing of the price reduction. KW - Buyer behavior KW - Experiment KW - Loss aversion KW - Rebate and discount KW - Regulation of dominant firms KW - Risk aversion Y1 - 2018 U6 - https://doi.org/10.1007/s11151-018-9653-9 SN - 0889-938X SN - 1573-7160 VL - 54 IS - 3 SP - 575 EP - 593 PB - Springer CY - Dordrecht ER - TY - JOUR A1 - Paganelli, Maria Pia A1 - Schumacher, Reinhard T1 - Do not take peace for granted BT - Adam Smith’s warning on the relation between commerce and war JF - Cambridge journal of economics N2 - Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted. KW - Commercial peace KW - Adam Smith KW - Doux commerce KW - Perceived cost versus actual cost of war KW - Special interests Y1 - 2018 U6 - https://doi.org/10.1093/cje/bey040 SN - 0309-166X SN - 1464-3545 VL - 43 IS - 3 SP - 785 EP - 797 PB - Oxford Univ. Press CY - Oxford ER - TY - GEN A1 - Bruttel, Lisa Verena A1 - Stolley, Florian T1 - Gender differences in the response to decision power and responsibility BT - Framing effects in a dictator game T2 - Postprints der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe N2 - This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for the receiver’s payoff. Including a control treatment without such a text, three treatments are conducted with a total of 207 dictators. Our results show a different reaction to these texts depending on the dictator’s gender. We find that only men react positively to a text that stresses their responsibility for the receiver, while only women seem to react positively to a text that emphasizes their decision power and freedom of choice. T3 - Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe - 135 KW - dictator game KW - framing KW - gender KW - experiment Y1 - 2020 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-473068 SN - 1867-5808 IS - 135 ER -