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Measuring the Welfare Effect of Quality Change : Theory and Application of Japanese Autos
Feenstra, Robert C. - 1993
The purpose of this paper is to identify conditions under which hedonic price indexes provide an exact measure of consumer welfare, so that the welfare effects of quality change can be inferred. Our results are quite positive in providing a rational for existing practices, though the conditions...
Persistent link: https://www.econbiz.de/10012474550
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Toward an Understanding of Learning by Doing : Evidence from an Automobile Assembly Plant
Levitt, Steven D. - 2012
Productivity improvements within establishments (e.g., factories, mines, or retail stores) are an important source of aggregate productivity growth. Past research has documented that learning by doing-productivity improvements that occur in concert with production increases-is one source of such...
Persistent link: https://www.econbiz.de/10012460642
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Would You Buy a Honda Made in the U.S.? The Impact of Production Location on Manufacturing Quality
Lacetera, Nicola - 2012
Are location-specific factors--such as the education and attitude of the local workforce, supplier networks, institutional infrastructure, and local "culture"--important for understanding persistent heterogeneities among firms? We address this question in the context of the automobile industry....
Persistent link: https://www.econbiz.de/10012460655
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Information Spillovers in Experience Goods Competition
Chen, Zhuoqiong; Stanton, Christopher T.; Thomas, Catherine - National Bureau of Economic Research - 2021
When experience goods compete, consuming one product can be informative about value for similar untried products. We … spillovers shape demand from the consumers who have trialed the rival product--the potential switchers. In the first period … repeat and switching consumers. Demand-side information spillovers offer an explanation of how competing firms in new product …
Persistent link: https://www.econbiz.de/10012496138
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Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform
Kehoe, Timothy J. - 2013
ISIC) based on the pre-liberalization distribution of exports by product (5-digit SITC). Using the results of Kehoe and …
Persistent link: https://www.econbiz.de/10012458970
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Markups and Markdowns
Syverson, Chad - National Bureau of Economic Research - 2024
industrial organization. This has focused empirical attention on markups, the ratios of price to marginal cost in product markets …
Persistent link: https://www.econbiz.de/10015056198
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Evolving Standards for Academic Publishing : A q-r Theory
Ellison, Glenn - 2000
This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...
Persistent link: https://www.econbiz.de/10012470945
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Controlling Stocks and Flows to Promote Quality : The Environment, With Applications to Physical and Human Capital
Keohane, Nathaniel O. - 2000
Our analysis melds two traditional approaches to promoting quality. The first is restoring the stock of quality. The second is curbing its flow of deterioration. Although both approaches are widely used in real world settings, analytic models have tended to focus on one strategy or the other. We...
Persistent link: https://www.econbiz.de/10012471023
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If at First You Don't Succeed... : Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity
Krishna, Kala - 2000
builds on the idea that even if a customer chooses to purchase a product, it may fail to deliver'. If a product fails to … deliver, the customer may wish to choose some other product. A higher quality product has a higher probability of delivering …
Persistent link: https://www.econbiz.de/10012471282
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Quality Improvement in Health Care : A Framework for Price and Output Measurement
Shapiro, Irving - 1999
The durability of health care treatment, the substantial technical change in health care treatment, and the prevalence of third-party payment interact to create substantial difficulty in measuring the price and output of health care. This paper provides a framework for analyzing the demand for...
Persistent link: https://www.econbiz.de/10012471836