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Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …
Persistent link: https://www.econbiz.de/10012477888
This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …
Persistent link: https://www.econbiz.de/10012464081
hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …
Persistent link: https://www.econbiz.de/10012467832
Persistent link: https://www.econbiz.de/10001792870
This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices...
Persistent link: https://www.econbiz.de/10012471934
We explore the relationship between employee trust of managers and workplace performance. We present a theoretical framework which serves to establish a link between employee trust and firm performance as well as to identify possible mechanisms through which the relationship may operate. We then...
Persistent link: https://www.econbiz.de/10010379264
To investigate the size and the timing of the direct impact of participatory arrangements on business performance, we assemble and analyze extraordinary daily data - for rejection, production and downtime rates for all operators in a single plant during a 35 month period, more than 77,000...
Persistent link: https://www.econbiz.de/10003591493
This paper aims to provide understanding of the relative trade performances and technological competitiveness, with particular emphasis on product quality, innovation and skills. The firm-level case studies support the conclusions arising from the aggregate analysis. Germany spends more on...
Persistent link: https://www.econbiz.de/10011432507
This paper estimates the impact on consumer behavior of a firm's voluntary disclosure of information. Specifically, we study the impact of Starbucks' disclosure of calorie information on its menu boards in June 2013. Using data on over 250,000 consumers' visits to specific restaurant chains, we...
Persistent link: https://www.econbiz.de/10012599370
We examine the effect of enforcing minimum quality standards (MQSs) on consumer health. In the late 1800s, the urban milk supply was regularly skimmed and diluted with water, but consumers could not easily determine its quality because dyes, caramel, and salt were added. To protect consumers,...
Persistent link: https://www.econbiz.de/10013210091