Consumer Inattention And Bill Shock Regulation
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Author | : Christopher Decker |
Publisher | : Cambridge University Press |
Total Pages | : 779 |
Release | : 2023-05-31 |
Genre | : Business & Economics |
ISBN | : 131651451X |
Brings economic regulation to life by tracing theoretical insights through to real-world applications in eight essential regulated sectors.
Author | : Isamu Matsukawa |
Publisher | : Springer |
Total Pages | : 116 |
Release | : 2016-05-12 |
Genre | : Business & Economics |
ISBN | : 9811010978 |
This book presents an in-depth empirical analysis of consumer response to alternative policies for energy conservation. Its main focus is on innovative policy instruments that have attracted increasing attention from academics and energy conservation practitioners alike: critical peak pricing, conservation requests, in-home displays, and home energy reports. The book investigates the effects of these policy instruments on residential demand for electricity. The data is drawn from a series of randomized field experiments for the years 2012–2013 in Japan, where serious concerns about power shortages have emerged in the wake of the nuclear disaster in Fukushima. By applying econometric techniques to the quantitative analysis of residential power consumption, the book demonstrates how consumers respond to innovative instruments for energy conservation. It also offers new perspectives on how these instruments can be used more effectively and explores the potential for their practical implementation. This highly informative book is essential reading for energy specialists in both academic and professional contexts.
Author | : |
Publisher | : Elsevier |
Total Pages | : 749 |
Release | : 2018-09-27 |
Genre | : Business & Economics |
ISBN | : 0444633898 |
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. - Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics - Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics - Written for those who wish to become quickly acquainted with behavioral economics
Author | : Sanjit Dhami |
Publisher | : MIT Press |
Total Pages | : 553 |
Release | : 2022-07-12 |
Genre | : Business & Economics |
ISBN | : 0262369656 |
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections. After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of “nudges.”
Author | : Sumit Agarwal |
Publisher | : Springer Nature |
Total Pages | : 352 |
Release | : 2020-10-07 |
Genre | : Business & Economics |
ISBN | : 9811555265 |
Household finance studies is a relatively recent field, exploring a growing understanding of how households make financial decisions relating to the functions of consumption, payment, risk management, borrowing and investing; how institutions provide goods and services to satisfy these financial functions of households; and how interventions by firms, governments and other parties affect the provision of financial services. This timely book analyses existing findings about household behavior as well as findings related to policy interventions. With international case studies, this book reviews a topic of global importance and brings a crucial up-to-date survey of the field for researchers and postgraduate students.
Author | : Victor J. Tremblay |
Publisher | : Edward Elgar Publishing |
Total Pages | : 483 |
Release | : 2018 |
Genre | : Economics |
ISBN | : 178471898X |
The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. The Handbook features a wide array of methods (literature surveys, experimental and econometric research, and theoretical modelling), facilitating accessibility to a wide audience.
Author | : Ran Spiegler |
Publisher | : OUP USA |
Total Pages | : 235 |
Release | : 2011-02-18 |
Genre | : Business & Economics |
ISBN | : 0195398718 |
Ît then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler analyses phenomena such as exploitative price plans in the credit market, complexity of financial products and other obfuscation practices, consumer antagonism to unexpected price increases, and the role of default options in consumer decision making. Spiegler unifies the relevant literature into three main strands: limited ability to anticipate and control future choices, limited ability to understand complex market environments, and sensitivity to reference points. Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years.
Author | : James C. Bonbright |
Publisher | : |
Total Pages | : 433 |
Release | : 1966 |
Genre | : |
ISBN | : |
Author | : Commission on Growth and Development |
Publisher | : World Bank Publications |
Total Pages | : 198 |
Release | : 2008-07-23 |
Genre | : Business & Economics |
ISBN | : 0821374923 |
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author | : Zygmunt Bauman |
Publisher | : John Wiley & Sons |
Total Pages | : 144 |
Release | : 2013-05-08 |
Genre | : Social Science |
ISBN | : 0745655823 |
With the advent of liquid modernity, the society of producers is transformed into a society of consumers. In this new consumer society, individuals become simultaneously the promoters of commodities and the commodities they promote. They are, at one and the same time, the merchandise and the marketer, the goods and the travelling salespeople. They all inhabit the same social space that is customarily described by the term the market. The test they need to pass in order to acquire the social prizes they covet requires them to recast themselves as products capable of drawing attention to themselves. This subtle and pervasive transformation of consumers into commodities is the most important feature of the society of consumers. It is the hidden truth, the deepest and most closely guarded secret, of the consumer society in which we now live. In this new book Zygmunt Bauman examines the impact of consumerist attitudes and patterns of conduct on various apparently unconnected aspects of social life politics and democracy, social divisions and stratification, communities and partnerships, identity building, the production and use of knowledge, and value preferences. The invasion and colonization of the web of human relations by the worldviews and behavioural patterns inspired and shaped by commodity markets, and the sources of resentment, dissent and occasional resistance to the occupying forces, are the central themes of this brilliant new book by one of the worlds most original and insightful social thinkers.