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becoming increasingly important. The adoption of analytics and DDD has been slower in small-to-medium enterprises (SMEs …, and that access to SH increases e-retailers' revenues by 3.6% on average, as more items are transacted and service quality … increases, without increases in average prices. Our results suggest that analytics and DDD help SMEs establish a competitive …
Persistent link: https://www.econbiz.de/10014248007
The standard Berry, Levinsohn, and Pakes (1995) (BLP) approach to estimation of demand and supply parameters assumes that the product characteristic observed by consumers and producers but not the researcher is conditionally mean independent of observed characteristics. We extend BLP to allow...
Persistent link: https://www.econbiz.de/10013477270
This paper develops a partial-identification methodology for analyzing self-selection into alternative compensation schemes in a laboratory environment. We formulate a model of self-selection in which individuals select the compensation scheme with the largest expected valuation, which depends...
Persistent link: https://www.econbiz.de/10014447251
With count-valued outcomes y in {0,1,...,M} identification and estimation of average treatment effects raise no special considerations beyond those involved in the continuous-outcome case. If partial identification of the distribution of treatment effects is of interest, however, count-valued...
Persistent link: https://www.econbiz.de/10014247925
In this paper, we provide a suite of tools for empirical market design, including optimal nonlinear pricing in intensive-margin consumer demand, as well as a broad class of related adverse-selection models. Despite significant data limitations, we are able to derive informative bounds on demand...
Persistent link: https://www.econbiz.de/10014337879
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...
Persistent link: https://www.econbiz.de/10014436971
China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in domestic markets and foreign opportunities for US firms. In the aggregate, the average annual profitability of US public firms during the post globalization period (2003-2019)...
Persistent link: https://www.econbiz.de/10014512056
We examine how public firms listed in North American stock exchanges acquire technology companies during 2010-2020. Combining data from S&P, Refinitiv, Compustat, and CRSP, and utilizing a unique S&P taxonomy that classifies tech M&As by tech categories and business verticals, we show that 13.1%...
Persistent link: https://www.econbiz.de/10014250144
, Levinsohn and Pakes (1995) to obtain a measure of the demand shock (quality). We estimate the relationship between product … (process) R&D and quality (efficiency), and find strong evidence that process innovation is related to higher efficiency, while … product innovation is associated with higher product quality. We discuss the welfare implications of these two distinct …
Persistent link: https://www.econbiz.de/10014226147
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330