Arbeitspapier
How Consumers use Gift Certificates
There are two important reasons for consumers to spend gift certificates differently than gifts in cash or non-gift income: a) they are forced to change their shopping pattern because of the conditions imposed by the issuer of the certificates, or b) they purposely separate gift certificates from other sources of income. The first reason implies a welfare loss, the second reason does not. We survey consumers who have just redeemed one or more gift certificates. For the gift certificate considered in our empirical application, we find that consumers are not constrained by the set of accepting merchants but that they do make some small changes in the timing of expenditures because of the certificate's no-refund policy. About 14 percent of recipients separate their gift certificates from other income sources in order to buy a product they really love to have. Males tend to spend the certificates on ordinary items, whereas females are more likely to treat themselves by buying more personalized items.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 12-002/1
- Klassifikation
-
Wirtschaft
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Personal Income, Wealth, and Their Distributions
- Thema
-
gift giving
labeling
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Felso, Flora
Soetevent, Adriaan R.
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Felso, Flora
- Soetevent, Adriaan R.
- Tinbergen Institute
Entstanden
- 2012
Ähnliche Objekte (12)
Consumers Networks and Search Equilibria
Gift Exchange in the Workplace
Gift-Exchange, Incentives, and Heterogeneous Workers
The Effects of Usury Ceilings on Consumers Welfare: Evidence from the Microcredit Market in Colombia
Compensatory Inter Vivos Gifts
The Effect of Consumers' Expectations in a Booming Housing Market
Environmental Damage and Price Taking Behaviour by Firms and Consumers
How important are Institutions for Growth in Transition Countries?
For Better and for Worse - How Unpaid Bride Wealth provides Security
Tax Liability Side Equivalence in Gift-Exchange Labor Markets
How does the Gender Difference in Willingness to Compete evolve with Experience?
How to overcome the Jeffreys-Lindleys Paradox for Invariant Bayesian Inference in Regression Models
Consumers Networks and Search Equilibria
Gift Exchange in the Workplace
Gift-Exchange, Incentives, and Heterogeneous Workers
The Effects of Usury Ceilings on Consumers Welfare: Evidence from the Microcredit Market in Colombia
Compensatory Inter Vivos Gifts
The Effect of Consumers' Expectations in a Booming Housing Market
Environmental Damage and Price Taking Behaviour by Firms and Consumers
How important are Institutions for Growth in Transition Countries?
For Better and for Worse - How Unpaid Bride Wealth provides Security
Tax Liability Side Equivalence in Gift-Exchange Labor Markets
How does the Gender Difference in Willingness to Compete evolve with Experience?
How to overcome the Jeffreys-Lindleys Paradox for Invariant Bayesian Inference in Regression Models
Consumers Networks and Search Equilibria
Gift Exchange in the Workplace
Gift-Exchange, Incentives, and Heterogeneous Workers
The Effects of Usury Ceilings on Consumers Welfare: Evidence from the Microcredit Market in Colombia
Compensatory Inter Vivos Gifts
The Effect of Consumers' Expectations in a Booming Housing Market
Environmental Damage and Price Taking Behaviour by Firms and Consumers
How important are Institutions for Growth in Transition Countries?
For Better and for Worse - How Unpaid Bride Wealth provides Security
Tax Liability Side Equivalence in Gift-Exchange Labor Markets
How does the Gender Difference in Willingness to Compete evolve with Experience?