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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

Incorporating Micro Data into Differentiated Products Demand Estimation with PyBLP

Conlon, Christopher; Gortmaker, Jeff - National Bureau of Economic Research - 2023

We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...

Persistent link: https://www.econbiz.de/10014337838

An Economic View of Corporate Social Impact

Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023

The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...

Persistent link: https://www.econbiz.de/10014421228

Swallow This : Childhood and Adolescent Exposure to Fast Food Restaurants, BMI, and Cognitive Ability

Abrahamsson, Sara Sofie; Bütikofer, Aline; Karbownik, … - National Bureau of Economic Research - 2023

Using spatial and temporal variation in openings of fast food restaurants in Norway between 1980 and 2007, we study the effects of changes in the supply of high caloric nutrition on the health and cognitive ability of young adult males. Our results indicate that exposure to these establishments...

Persistent link: https://www.econbiz.de/10014287327

The Cost of Curbing Externalities with Market Power : Alcohol Regulations and Tax Alternatives

Conlon, Christopher; Rao, Nirupama L. - National Bureau of Economic Research - 2023

Products with negative externalities are often subject to regulations that limit competition. The single-product case may suggest that it is irrelevant for aggregate welfare whether output is restricted via corrective taxes or limiting competition. However, when products are differentiated...

Persistent link: https://www.econbiz.de/10013537788

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...

Persistent link: https://www.econbiz.de/10013334365

Malleability of Alcohol Consumption : Evidence from Migrants

Hinnosaar, Marit; Liu, Elaine M. - National Bureau of Economic Research - 2022

How malleable is alcohol consumption? Specifically, how much is alcohol consumption driven by the current environment versus individual characteristics? To answer this question, we analyze changes in alcohol purchases when consumers move from one state to another in the United States. We find...

Persistent link: https://www.econbiz.de/10013334462

The Impact of Fake Reviews on Demand and Welfare

Akesson, Jesper; Hahn, Robert William; Metcalfe, Robert D. - National Bureau of Economic Research - 2023

Although fake online customer reviews have become prevalent on platforms such as Amazon, Google, and Facebook, little is known about how these reviews influence consumer behavior. This paper provides the first experimental estimates of the effects of fake reviews on individual demand and...

Persistent link: https://www.econbiz.de/10014436967

The Effect of Price Caps on Pharmaceutical Advertising : Evidence from the 340b Drug Pricing Program

Hristakeva, Sylvia; Mortimer, Julie Holland; Yde, Eric - National Bureau of Economic Research - 2024

We study the effect of price caps on the provision of costly effort by pharmaceutical firms using variation in drug discounts generated by a price regulation program that allows eligible hospitals to purchase outpatient drugs at steep discounts. These discounts directly affect drug...

Persistent link: https://www.econbiz.de/10014512103

The Role of Advertisers and Platforms in Monetizing Misinformation : Descriptive and Experimental Evidence

Ahmad, Wajeeha; Sen, Ananya; Eesley, Charles E.; … - National Bureau of Economic Research - 2024

The financial motivation to earn advertising revenue by spreading misinformation has been widely conjectured to be among the main reasons misinformation continues to be prevalent online. Research aimed at reducing the spread of misinformation has so far focused on user-level interventions with...

Persistent link: https://www.econbiz.de/10014512041