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We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
Household investment in preventative health products is low in developing countries even though benefits from these products are very high. What interventions most effectively stimulate demand? In this paper, we experimentally estimate demand curves for health products in Kenya, Guatemala,...
Persistent link: https://www.econbiz.de/10012459350
This paper analyzes the impact of exchange rate risk on global food supply chains. Although the theoretical literature … for a balanced panel of 159 countries for 2001 to 2017. I study the relationship for 781 agricultural and food products … a primary source of international risk exposure for global food supply chains …
Persistent link: https://www.econbiz.de/10012616612
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10012456166
similar non-chefs. We extend our analysis to cover 50 retail health categories and 241 food and drink categories. The results …, and a much smaller share for most food and drink products. We tie our estimates together using a stylized model of demand …
Persistent link: https://www.econbiz.de/10012458372
Shortage is common in many markets, such as those for human organs or blood, but the problem is often difficult to solve through price adjustment, given safety and ethical concerns. In this paper, we investigate whether market designers can use non-price methods to address shortage....
Persistent link: https://www.econbiz.de/10012457355
In many low- and middle-income countries blood donations per capita are substantially lower than in advanced economies. In these countries blood supply is mostly collected through donations by relatives and friends of individuals needing transfusions or to replace blood used in emergencies. The...
Persistent link: https://www.econbiz.de/10012460030
The growing demand for plasma, especially for the manufacture of therapeutic products, prompts discussions on the merits of different procurement systems. We conducted a randomized survey experiment with a representative sample of 826 Canadian residents to assess attitudes toward legalizing...
Persistent link: https://www.econbiz.de/10012453145
Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine this issue by exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical implants. Difference-in-differences...
Persistent link: https://www.econbiz.de/10012480719
When firms span related product categories, spillovers across categories become central to firm strategy and industrial policy, due to their potential to foreclose competition and affect innovation incentives. We exploit major new product innovations in one medical device category, and detailed...
Persistent link: https://www.econbiz.de/10012480835