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  1. The price of inattention
    evidence from the Swedish housing market
    Erschienen: August 2017
    Verlag:  Department of Economics, Uppsala University, Uppsala, Sweden

    Do behavioral biases a affect prices in a high-stake market? We study the role of left digit bias in the purchase of an apartment, one of the most important assets in a household's portfolio. Left-digit bias is the inability to fully process digits... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 261 (2017,10)
    keine Fernleihe

     

    Do behavioral biases a affect prices in a high-stake market? We study the role of left digit bias in the purchase of an apartment, one of the most important assets in a household's portfolio. Left-digit bias is the inability to fully process digits after the first, perceiving prices just below a round number (such as $ 3.99) as cheaper than their round counterpart ($4). We start by documenting that apartments listed at just-below asking prices are sold at a 3-5% higher final price after an auction. This effect appears not to be driven by i) differences in observable characteristics; ii) differences in real estate agents' behavior; or iii) institutional characteristics of the market. We show that apartments using just-below prices attract more bidders and bids, leading to higher competition and to a higher final price. Our results suggest that inattentive buyers might be losing roughly half a year of disposable income.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/197647
    Auflage/Ausgabe: This Version: September 27, 2017
    Schriftenreihe: Working paper / Department of Economics, Uppsala University ; 2017, 10
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  2. Distributive politics inside the city?
    the political economy of Spain’s plan E
    Erschienen: [2017]
    Verlag:  Institut d’Economia de Barcelona, Barcelona

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; 2017, 09
    Schlagworte: Political economy; Distributive politics; Partisan alignment; Local governments
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  3. Distributive politics inside the city?
    the political economy of Spain's Plan E
    Erschienen: August 2017
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    We study distributive politics inside cities by analysing how local governments allocate investment projects to voters across neighbourhoods. In particular, we ask whether politicians use investment to target their own supporters. To this aim, we use... mehr

    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (6628)
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    We study distributive politics inside cities by analysing how local governments allocate investment projects to voters across neighbourhoods. In particular, we ask whether politicians use investment to target their own supporters. To this aim, we use detailed geo-located investment data from Plan E, a large fiscal stimulus program carried out in Spain in 2009-2011. Our empirical strategy is based on a close-elections regression-discontinuity design. In contrast to previous studies - which use aggregate data at the district or municipal level - we exploit spatial variation in both investment and voter support within municipalities and find no evidence of supporter targeting. Complementary results indicate that voters may be responding to investment by increasing turnout. Overall, our findings suggest that distributive politics only play a minor role inside the city.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/171092
    Auflage/Ausgabe: First Version: December 2016, this Version: September 2017
    Schriftenreihe: Array ; no. 6628
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. Distributive politics inside the city?
    the political economy of Spain's plan E
    Erschienen: February 2017
    Verlag:  SERC, Spatial Economics Research Centre, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: SERC discussion paper ; 212
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen