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Consumption Externalities and Diffusion in Pharmaceutical Markets : Antiulcer Drugs

Berndt, Ernst R. - 2000

We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a therapeutic class of drugs. These effects emerge when use of a drug by others affects its value, and/or conveys information abut efficacy and safety to patients and physicians....

Persistent link: https://www.econbiz.de/10012470978

Conspicuous Consumption and Race

Charles, Kerwin Kofi - 2007

Using nationally representative data on consumption, we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing, jewelry, and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all sub-populations, that...

Persistent link: https://www.econbiz.de/10012465258

Contracts with Interdependent Preferences

Ray, Debraj; Weretka, Marek - National Bureau of Economic Research - 2024

This paper studies contracting between a principal and multiple agents. The setup is classical except for the assumption that agents have interdependent preferences. We characterize cost effective contracts, and relate the direction of co-movement in rewards -- "joint liability" (positive) or...

Persistent link: https://www.econbiz.de/10014512144

Conspicuous Consumption, Pure Profits, and the Luxury Tax

Bagwell, Laurie Simon - 1992

We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals seek status, and that perceptions of wealth affect status. Under identifiable conditions, the model generates Veblen...

Persistent link: https://www.econbiz.de/10012474805

Coordination and Bandwagon Effects of Candidate Rankings : Evidence from Runoff Elections

Pons, Vincent - 2019

To predict others' behavior and make their own choices, voters and candidates can rely on information provided by polls and past election results. We isolate the impact of candidates' rankings using an RDD in French local and parliamentary two-round elections, where up to 3 or 4 candidates can...

Persistent link: https://www.econbiz.de/10012480543

Observational Learning : Evidence from a Randomized Natural Field Experiment

Cai, Hongbin - 2007

We present results about the effects of observing others' choices, called observational learning, on individuals' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our experimental design aims to distinguish observational learning...

Persistent link: https://www.econbiz.de/10012465130

Deterministic and Stochastic Prisoner's Dilemma Games : Experiments in Interdependent Security

Kunreuther, Howard - 2007

This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...

Persistent link: https://www.econbiz.de/10012465365

Self-Protection and Insurance with Interdependencies

Muermann, Alexander - 2007

We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium,...

Persistent link: https://www.econbiz.de/10012465830

Health Care, Technological Change, and Altruistic Consumption Externalities

Philipson, Tomas - 2006

Traditional economic analysis has proposed well known remedies to deal with consumption externalities and inefficient technological change in isolation, but lacks a general framework for addressing them jointly. We argue that the joint determination of R&D and consumption externalities is...

Persistent link: https://www.econbiz.de/10012466741

How and When to Use the Political Cycle to Identify Advertising Effects

Moshary, Sarah - 2020

A central challenge in estimating the causal effect of TV advertising on demand is isolating quasi-random variation in … advertising. Political advertising, which topped $14 billion in expenditures in 2016, has been proposed as a plausible source of … identify the causal effect of TV advertising on demand, highlight threats to the exclusion restriction and monotonicity …

Persistent link: https://www.econbiz.de/10012481544

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