Paying Too Much and Being Happy About it : Existence, Causes, and Consequences of Tariff-Choice Biases. (With Abstract) (Record no. 28196)

MARC details
000 -LEADER
fixed length control field 02059pab a2200205 454500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140923b0 xxu||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Transcribing agency Welingkar Institute of Management Development & Research, Mumbai
Original cataloging agency Welingkar Institute of Management Development & Research, Mumbai
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title ENG
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number
Item number Lam
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Lambrecht Anja
245 ## - TITLE STATEMENT
Title Paying Too Much and Being Happy About it : Existence, Causes, and Consequences of Tariff-Choice Biases. (With Abstract)
250 ## - EDITION STATEMENT
Edition statement 2
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc.
Name of publisher, distributor, etc. May 2006
Date of publication, distribution, etc. 0
300 ## - PHYSICAL DESCRIPTION
Extent 212-223 Pp.
490 ## - SERIES STATEMENT
Volume/sequential designation XLIII
520 ## - SUMMARY, ETC.
Summary, etc. A common assumption underlying the analysis of consumers' choices among optional tariffs is that consumers choose the tariff that maximizes their surplus and, thus, the tariff that leads to the lowest billing rate for a given amount of usage.Yet there is evidence that many users prefer a flat rate even though their billing rate would be lower with a pay-per-use tariff (flat-rate bias), and some users prefer a pay-per-use tariff even though they would save money with a flat rate (pay-per-use bias). The authors conduct four empirical analyses based on three different data sets. They show that the flat-rate bias is more important and has a greater regularity and time persistence than the pay-per-use bias. They classify potential causes of the flat-rate bias as "insurance effect," "taxi meter effect," "convenience effect," and "overestimation effect" and show that the insurance, the taxi meter, and the overestimation effects lead to a flat-rate bias. They provide evidence that underestimation of usage is a major cause of the pay-per-use bias. They show that the flat-rate bias does not significantly increase customer churn and thus results in a short- and long-term profit increase. In contrast, the pay-per-use bias largely increases churn so that in the long run, the additional short-term profit is offset by higher churn.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Customer Ussage, Pricing Scheme,
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://192.168.6.13/libsuite/mm_files/Articles/AR8273.pdf">http://192.168.6.13/libsuite/mm_files/Articles/AR8273.pdf</a>
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
a 24375
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Cost, normal purchase price Total Checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
        Main Library Main Library 12/12/2006 0.00   Lam AR8273 23/09/2014 0.00 23/09/2014 Articles

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