Essays in behavioral finance and online markets

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Abstract/Contents

Abstract: In this dissertation I study a number of questions in behaviroal finance and online markets. In the first chapter, I empirically analyze why people hold expensive credit card balances, often over substantial time horizons. Specifically, I test whether hyperbolic discounting can explain why many consumers are not able to reduce their credit card debt. In the second chapter, I analyze the effect of potential market misvaluation for corporate acquisitions when some managers are overoptimistic. I focus on the implications for the method of payment and the implications for subsequent returns depending on the method of payment chosen. In the third chapter, joint work with Liran Einav, Jonathan Levin and Neel Sundaresan, we study seller experiments in online markets. We document the prevalence of pricing and auction design variation for listings on eBay. We show how this variation can be used to learn about questions of consumer behavior and market outcomes, while leveraging the scale and heterogeneity of online markets.

Type of resource	text
Form	electronic; electronic resource; remote
Extent	1 online resource.
Publication date	2013
Issuance	monographic
Language	English

Associated with	Kuchler, Theresa
Associated with	Stanford University, Department of Economics.
Primary advisor	Levin, Jonathan
Thesis advisor	Levin, Jonathan
Thesis advisor	Einav, Liran
Thesis advisor	Hoxby, Caroline Minter
Advisor	Einav, Liran
Advisor	Hoxby, Caroline Minter

Genre	Theses

Statement of responsibility	Theresa Kuchler.
Note	Submitted to the Department of Economics.
Thesis	Thesis (Ph.D.)--Stanford University, 2013.
Location	electronic resource

License: This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).

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