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French Wine and the U.S. Boycott of 2003 : Does Politics Really Affect Commerce?

Ashenfelter, Orley - 2007

, wine in particular, rebounded through all forms of media. In the spring of 2003, French business people even reported that … the boycott calls were hurting their U.S. sales. Using a dataset of sales of nearly 4,700 individual wine brands, we show … that there actually was no boycott effect. Rather, sales of French wine dipped for two reasons. First, they experience a …

Persistent link: https://www.econbiz.de/10012465394

Big Fish in Thin Markets : Competing with the Middlemen to Increase Market Access in the Amazon

Bartkus, Viva Ona; Brooks, Wyatt; Kaboski, Joseph Paul; … - National Bureau of Economic Research - 2021

Middlemen are ubiquitous in supply chains. In developing countries they help bring products from remote communities to end markets but may exert strong market power. We study a cooperative intervention which organizes together poor fishing communities in the Amazon -- one of the poorest and most...

Persistent link: https://www.econbiz.de/10012629441

Fiduciary Duty and the Market for Financial Advice

Bhattacharya, Vivek - 2019

Fiduciary duty may combat principal-agent problems in the provision of financial advice, but it may also impose costs through legal liability. We study the effects of fiduciary duty on the deferred annuity market using transaction-level data. Leveraging state-level variation in common law...

Persistent link: https://www.econbiz.de/10012479810

Information and Bargaining through Agents : Experimental Evidence from Mexico’s Labor Courts

Sadka, Joyce - 2018

While observers agree that courts function poorly in developing countries, a lack of data has limited our understanding of the causes of malfunction. We combine data from administrative records on severance cases filed in the Mexico City Labor Court with interventions that provide information to...

Persistent link: https://www.econbiz.de/10012480789

Intermediation and Competition in Search Markets : An Empirical Case Study

Salz, Tobias - 2020

Intermediaries in decentralized markets can affect buyer welfare both directly, by reducing expenses for buyers with high search cost and indirectly, through a search-externality that affects the prices paid by buyers that do not use intermediaries. I investigate the magnitude of these effects...

Persistent link: https://www.econbiz.de/10012481248

Speculators and Middlemen : The Strategy and Performance of Investors in the Housing Market

Bayer, Patrick - 2011

Housing market transactions are a matter of public record and thus provide a rare opportunity to analyze the behavior, performance, and strategies of individual investors. Using data for all housing transactions in the Los Angeles area from 1988-2009, this paper provides empirical evidence on...

Persistent link: https://www.econbiz.de/10012461873

Broker Incentives and Mutual Fund Market Segmentation

Del Guercio, Diane - 2010

We study the impact of investor heterogeneity on mutual fund market segmentation. To motivate our empirical analysis, we make two assumptions. First, some investors inherently value broker services. Second, because brokers are only compensated when they sell mutual funds, they have little...

Persistent link: https://www.econbiz.de/10012462345

The Role of Mortgage Brokers in the Subprime Crisis

Berndt, Antje - 2010

Prior to the subprime crisis, mortgage brokers originated about 65% of all subprime mortgages. Yet little is known about their behavior during the runup to the crisis. Using data from New Century Financial Corporation, we find that brokers earned an average revenue of $5,300 per funded loan. We...

Persistent link: https://www.econbiz.de/10012462482

Intermediation and Economic Integration

Antràs, Pol - 2010

have developed a stylized but explicit model of intermediation in trade. In this short paper, we present a variant of this …

Persistent link: https://www.econbiz.de/10012462904

Intermediated Trade

Antràs, Pol - 2010

This paper develops a simple model of international trade with intermediation. We consider an economy with two islands … that intermediation always magnifies the gains from trade under the former type of integration, but leads to more nuanced …

Persistent link: https://www.econbiz.de/10012462905