Auflistung LIF-SAFE Working Papers nach Autor "Kosfeld, Michael"
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Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
Kosfeld, Michael; Schüwer, Ulrich (2016-07-11)We analyze the consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded addon prices and banks try to exploit this. Allowing for different information ... -
Incentives, self-selection, and coordination of motivated agents for the production of social goods
Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand (2021-07-24)We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate ... -
The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence
Bauer, Kevin; Pfeuffer, Nicolas; Abdel-Karim, Benjamin M.; Hinz, Oliver; Kosfeld, Michael (2020-12-09)Using a novel theoretical framework and data from a comprehensive field study we conducted over a period of three years, we outline the causal effects of algorithmic discrimination on economic efficiency and social welfare ...