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Bid Takers or Market Makers? The Effect of Auctioneers on Auction Outcomes
Lacetera, Nicola - 2013
. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction … explore the importance of auction process by testing whether auctioneers can have a systematic difference on auction outcomes …
Persistent link: https://www.econbiz.de/10012458932
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Empirical Analyses of Selection and Welfare in Insurance Markets : A Self-Indulgent Survey
Einav, Liran; Finkelstein, Amy - National Bureau of Economic Research - 2023
This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010). We briefly review that framework, and then describe a...
Persistent link: https://www.econbiz.de/10014250164
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Why Are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry
Hubbard, Thomas N. - 1998
to timely production data. Process monitoring' technologies give distant managers a window to production which can both … the short term. This paper investigates where and why IT-based process monitoring is valuable within the trucking industry …
Persistent link: https://www.econbiz.de/10012472323
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Global Supply Chains and Wage Inequality
Costinot, Arnaud - 2012
countries specialize in different stages of a sequential production process. In Arnaud Costinot, Jonathan Vogel and Su Wang …
Persistent link: https://www.econbiz.de/10012460683
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The Quality of Ideas : Measuring Innovation with Multiple Indicators
Lanjouw, Jean O. - 1999
We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...
Persistent link: https://www.econbiz.de/10012471439
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Bayesian Performance Evaluation
Baks, Klaas - 1999
This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set …
Persistent link: https://www.econbiz.de/10012471727
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Competition and Selection in Credit Markets
Yannelis, Constantine; Zhang, Anthony Lee - National Bureau of Economic Research - 2021
We present both theory and evidence that increased competition may decrease rather than increase consumer welfare in subprime credit markets. We present a model of lending markets with imperfect competition, adverse selection and costly lender screening. In more competitive markets, lenders have...
Persistent link: https://www.econbiz.de/10012616617
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On Criteria for Evaluating Social Programs
García García-Menéndez, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2022
This paper examines the economic foundations of some recently proposed criteria for evaluating the benefits of social programs. These criteria are appropriate for comparing a class of revenue-constant policies. They replace foundational principles of social opportunity costs with accounting...
Persistent link: https://www.econbiz.de/10013191099
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Effects of Photo ID Laws on Registration and Turnout : Evidence from Rhode Island
Esposito, Francesco Maria - 2019
We study the effect of photo ID laws on voting using a difference-in-differences estimation approach around Rhode Island's implementation of a photo ID law. We employ anonymized administrative data to measure the law's impact by comparing voting behavior among those with drivers' licenses versus...
Persistent link: https://www.econbiz.de/10012479459
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Mortality Risk, Insurance, and the Value of Life
Bauer, Daniel - 2018
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...
Persistent link: https://www.econbiz.de/10012480708