Tuesday, December 9, 2008

To buy or not to buy démi-tarif: the (quasi) irrelevance of reimbursement

In this short note, I show that an agent's decision to buy a travel discount card in not aff ected by whether she gets reimbursement of travel expenses and - in case of reimbursement - it is unaffected by the type of reimbursement (whether it is based on the discounted or on the full price).

http://www.4shared.com/file/233666050/447128cc/post_reimbursement.html

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