{"id":337,"global_id":"economics.stir.ac.uk?id=337","global_id_lineage":["economics.stir.ac.uk?id=337"],"author":"9","status":"publish","date":"2025-11-30 15:43:37","date_utc":"2025-11-30 15:43:37","modified":"2025-11-30 15:43:37","modified_utc":"2025-11-30 15:43:37","url":"https:\/\/economics.stir.ac.uk\/?tribe_events=research-seminar-till-stowasser-university-of-stirling","rest_url":"https:\/\/economics.stir.ac.uk\/index.php?rest_route=\/tribe\/events\/v1\/events\/337","title":"Research Seminar – Till Stowasser (University of Stirling)","description":"
Title: Charmers versus rounders: Rent-price discontinuities in the German housing market<\/div>\n
<\/div>\n
Abstract:\u00a0We study the role of left-digit bias \u2013 a tendency to focus on the leftmost digit of a number \u2013 in the rent-price-setting behavior of landlords. We show that there are two types of landlords \u2013 which we coin charmers and rounders \u2013 and that their strategic behavior di\ufb00ers systematically. Using web data on German apartment listings we document that charmers exploit left-digit bias by increasing rent prices at salient apartment-size measures. In contrast, rounders aim to increase rent prices for all apartments, not taking advantage of limited attention. In addition, we provide evidence that landlords exploit behavioral biases to a larger extent in markets that grant them higher market power. Being able to identify heterogeneity in bias-exploiting behavior allows us to further our understanding of how price discontinuities evolve, even in high-stakes settings such as the housing market.<\/div>","excerpt":"","slug":"research-seminar-till-stowasser-university-of-stirling","image":false,"all_day":false,"start_date":"2025-11-27 08:00:00","start_date_details":{"year":"2025","month":"11","day":"27","hour":"08","minutes":"00","seconds":"00"},"end_date":"2025-11-27 17:00:00","end_date_details":{"year":"2025","month":"11","day":"27","hour":"17","minutes":"00","seconds":"00"},"utc_start_date":"2025-11-27 08:00:00","utc_start_date_details":{"year":"2025","month":"11","day":"27","hour":"08","minutes":"00","seconds":"00"},"utc_end_date":"2025-11-27 17:00:00","utc_end_date_details":{"year":"2025","month":"11","day":"27","hour":"17","minutes":"00","seconds":"00"},"timezone":"Europe\/London","timezone_abbr":"GMT","cost":"","cost_details":{"currency_symbol":"$","currency_code":"USD","currency_position":"prefix","values":[]},"website":"","show_map":true,"show_map_link":true,"hide_from_listings":false,"sticky":false,"featured":false,"categories":[{"name":"Research Workshop","slug":"research-workshop","term_group":0,"term_taxonomy_id":6,"taxonomy":"tribe_events_cat","description":"","parent":0,"count":20,"filter":"raw","id":6,"urls":{"self":"https:\/\/economics.stir.ac.uk\/index.php?rest_route=\/tribe\/events\/v1\/categories\/6","collection":"https:\/\/economics.stir.ac.uk\/index.php?rest_route=\/tribe\/events\/v1\/categories"}}],"tags":[],"venue":{"id":197,"author":"9","status":"publish","date":"2024-05-17 07:37:29","date_utc":"2024-05-17 06:37:29","modified":"2024-05-17 07:37:29","modified_utc":"2024-05-17 06:37:29","url":"https:\/\/economics.stir.ac.uk\/?tribe_venue=university-of-stirling","venue":"University of Stirling","slug":"university-of-stirling","json_ld":{"@type":"Place","name":"University of Stirling","description":"","url":"","address":{"@type":"PostalAddress"},"telephone":"","sameAs":""},"show_map":false,"show_map_link":false,"global_id":"economics.stir.ac.uk?id=197","global_id_lineage":["economics.stir.ac.uk?id=197"]},"organizer":[{"id":222,"author":"9","status":"publish","date":"2024-09-17 12:20:16","date_utc":"2024-09-17 11:20:16","modified":"2024-09-17 12:20:16","modified_utc":"2024-09-17 11:20:16","url":"https:\/\/economics.stir.ac.uk\/?tribe_organizer=carl-singleton","organizer":"Carl Singleton","slug":"carl-singleton","email":"carl.singleton@stir.ac.uk","json_ld":{"@type":"Person","name":"Carl Singleton","description":"","url":"","telephone":"","email":"carl.singleton@stir.ac.uk","sameAs":""},"global_id":"economics.stir.ac.uk?id=222","global_id_lineage":["economics.stir.ac.uk?id=222"]}],"custom_fields":[],"json_ld":{"@context":"http:\/\/schema.org","@type":"Event","name":"Research Seminar – Till Stowasser (University of Stirling)","description":"<p>Title: Charmers versus rounders: Rent-price discontinuities in the German housing market Abstract:\u00a0We study the role of left-digit bias \u2013 a tendency to focus on the leftmost digit of a number<\/p>\\n<p><a class="read-more" href="https:\/\/economics.stir.ac.uk\/?tribe_events=research-seminar-till-stowasser-university-of-stirling" aria-label="Research Seminar - Till Stowasser (University of Stirling) Read full post">Read full post<\/a><\/p>\\n","url":"https:\/\/economics.stir.ac.uk\/?tribe_events=research-seminar-till-stowasser-university-of-stirling","eventAttendanceMode":"https:\/\/schema.org\/OfflineEventAttendanceMode","eventStatus":"https:\/\/schema.org\/EventScheduled","startDate":"2025-11-27T08:00:00+00:00","endDate":"2025-11-27T17:00:00+00:00","location":{"@type":"Place","name":"University of Stirling","description":"","url":"","address":{"@type":"PostalAddress"},"telephone":"","sameAs":""},"organizer":{"@type":"Person","name":"Carl Singleton","description":"","url":"","telephone":"","email":"carl.singleton@stir.ac.uk","sameAs":""},"performer":"Organization"}}