Many consumer behaviors are both addictive and social. Understanding how these two phenomena interact informs basic models of human behavior, and matters for policymakers when the behavior is regulated. I develop a new model of demand that incorporates both addiction and social interactions and...

Die Buchungsplattform Airbnb ist zu einem relevanten Buchungskanal im Tourismus weltweit geworden. Mit Blick auf die vielfältigen sozio-ökonomischen Auswirkungen der Plattform ist die Kenntnis über die räumliche Lage des Airbnb-Angebots von hoher Bedeutung. Für Deutschland gibt es bisher...

Zusammenfassung Im Zuge der vielfältigen Diskussionen um eine touristische Übernutzung von Städten liegen kaum Untersuchungen über den Tagestourismus vor. Insbesondere über intradestinationale Aktionsräume und die damit in Verbindung stehende Wahrnehmung von anderen Menschen im Stadtraum...

Die Buchungsplattform Airbnb ist zu einem relevanten Buchungskanal im Tourismus weltweit geworden. Mit Blick auf die vielfältigen sozio-ökonomischen Auswirkungen der Plattform ist die Kenntnis über die räumliche Lage des Airbnb-Angebots von hoher Bedeutung. Für Deutschland gibt es bisher...

While conducting empirical work, researchers sometimes observe changes in outcomes before adoption of a new treatment program. The conventional diagnosis is that treatment is endogenous. Observing changes in outcomes prior to treatment is also consistent, however, with anticipation effects. This...

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-differences matching approach, we estimate that the price elasticity of demand grows from...

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-differences matching approach, we estimate that the price elasticity of demand grows from...

We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...

We investigate the implementation of Medicare Part D and estimate that this prescription drug benefit program reduced elderly mortality by 2.2 percent annually. This was driven primarily by a reduction in cardiovascular mortality, the leading cause of death for the elderly. There was no effect...

We estimate the causal effects of acute fine particulate matter exposure on mortality, health care use, and medical costs among the US elderly using Medicare data and a novel instrument for air pollution: changes in local wind direction. We develop a new approach that uses machine learning to...