Buying without using: Biases of German BahnCard buyers
Zusammenfassung
We use a large data set of German railway travellers to analyse the purchasing decision for fare-reducing BahnCards. We expect that this tariff choice is neither completely rational nor irrational, but bounded-rational in a meaningful way. Actually we predict a flat-rate bias, i.e. an under-use of their BahnCards by many customers. However, we estimate that this bias is not too large. The empirical results approve our hypotheses for the most part, especially for the more expensive BahnCard50 (BC50), whereas the under-use of the cheaper BahnCard25 (BC25) is so extensive that it is not worthwhile on average. © 2013 Copyright Taylor and Francis Group, LLC.
Schlüsselwörter
Flat-rate Bias; Empirical Analysis; Consumer Behaviour; Rail Industry
Zitieren als
Schmale, H., Ehrmann, T., & Dilger, A. (2013). Buying without using: Biases of German BahnCard buyers. Applied Economics (Appl. Econ.), 45(7), 933–941.Details
Publikationstyp
Forschungsartikel (Zeitschrift)
Begutachtet
Ja
Publikationsstatus
Veröffentlicht
Jahr
2013
Fachzeitschrift
Applied Economics
Band
45
Ausgabe
7
Erste Seite
933
Letzte Seite
941
Sprache
Englisch
ISSN
00036846
DOI
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