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Algorithmic Pricing : Implications for Consumers, Managers, and Regulators

Spann, Martin; Bertini, Marco; Koenigsberg, Oded; … - National Bureau of Economic Research - 2024

Over the past decade, an increasing number of firms have delegated pricing decisions to algorithms in consumer markets such as travel, entertainment, and retail; business markets such as digital advertising; and platform markets such as ride-sharing. This trend, driven primarily by the increased...

Persistent link: https://www.econbiz.de/10014576568

Intangible Marketing Capital

Bronnenberg, Bart J.; Dubé, Jean-Pierre H.; Syverson, Chad - National Bureau of Economic Research - 2022

We present several empirical facts about trends in marketing investment in the US. We also present estimates of the private value of brands to firms and aggregate intangible brand capital stocks created by these investments. These investments include the creation and maintenance of a brand name...

Persistent link: https://www.econbiz.de/10013334364

Nothing Propinks Like Propinquity : Using Machine Learning to Estimate the Effects of Spatial Proximity in the Major League Baseball Draft

Ahmadi, Majid; Durst, Nathan; Lachman, Jeff; List, John A. - National Bureau of Economic Research - 2022

Recent models and empirical work on network formation emphasize the importance of propinquity in producing strong interpersonal connections. Yet, one might wonder how deep such insights run, as thus far empirical results rely on survey and lab-based evidence. In this study, we examine...

Persistent link: https://www.econbiz.de/10013477279

Markups and Markdowns

Syverson, Chad - National Bureau of Economic Research - 2024

Interest in market power has recently surged among economists in many fields, well beyond its traditional home in …

Persistent link: https://www.econbiz.de/10015056198

Preference Externalities : An Empirical Study of Who Benefits Whom in Differentiated Product Markets

Waldfogel, Joel - 1999

satisfaction grow in market size. We document this phenomenon across 246 US radio markets. By a mechanism that we term 'preference … externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … possibly reduced) by the size of the white population. Consequently, small groups receive less variety from the market. Forces …

Persistent link: https://www.econbiz.de/10012471394

Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis

Liu, Meng - 2018

Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …

Persistent link: https://www.econbiz.de/10012480668

Identification in Differentiated Products Markets Using Market Level Data

Berry, Steven T. - 2010

We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …

Persistent link: https://www.econbiz.de/10012463009

Product Market Regulation and Market Work : A Benchmark Analysis

Fang, Lei - 2007

Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We … examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find … that product market regulations affect time devoted to market work in effectively the same fashion as do taxes on labor …

Persistent link: https://www.econbiz.de/10012465765

Using a Hedonic Model of Solar Radiation to Assess the Economic Effect of Climate Change : The Case of Mosel Valley Vineyards

Ashenfelter, Orley - 2006

In this paper we provide a simple, credible method for assessing the effects of climate change on the quality of agricultural land and then apply this method using a rich set of data on the vineyards of the Mosel Valley in Germany. The basic idea is to use a simple model of solar radiation to...

Persistent link: https://www.econbiz.de/10012466285

Do the Young British Artists Rule (or : Has London Stolen the Idea of Postmodern Art from New York?)

Galenson, David W. - 2005

In recent years, some English critics have claimed that Damien Hirst and his fellow young British artists have made London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure the importance of the YBAs compared to their American...

Persistent link: https://www.econbiz.de/10012466957