Gert-Jan Romensen (2015- exp. 2019)
Project: Empirical studies in behavioral economics

Anouk Schippers (2015
- exp. 2019)
Project: Consumer behavior and the energy transition

Liting Zhou (2011- exp. 2018
Risk Manipulation and Market Performance: How Insurers Might Benefit from Risk Inflation

Tadas Bruzikas (2012- 2017)
Project: Understanding Retail Gasoline Pricing: An Empirical Approach
Description: The thesis is about competition between retailers. The first project uses a large data set comprising daily retail gasoline prices in the Netherlands. We consider the emergence of lower-cost    unmanned gasoline retailers and how this changed competition in the period 2005-2011. Our main finding is that the lower costs have a direct negative effect on the prices at the transformed stations as well as a lower spillover effects on the nearby competitors. In the second project, we provide a theoretical argument for show why lower-priced retailers have an incentive to announce discounts off a reference price that reveal the underlying cost level to consumers. Then we give a theoretical explanation for the regular, weekly additional (bonus) discounts that we observe in the Dutch retail gasoline market. In a short companion paper, we discuss the empirical relevance of the widely accepted stopping rule in search with rational consumers and recall. We provide experimental evidence that shows that in price search, subjects exhibit behavior consistent risk- or loss-averse risk-attitudes. In the final paper we employ an hourly-price dataset to show that retail prices react quicker to the positive changes in the retail-price recommendations. Using real-time traffic data, we reject the hypothesis that hourly fluctuations in consumer demand explains the observed price changes.
First Job: Customer Insights Analyst, Telia Company, Lithuania

Flóra Felsö (2008-2017
Project: Empirical studies of consumer and government purchase decisions.
First Job: Researcher, Technical University Delft, The Netherlands