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Information Frictions and News Media in Global Value Chains
Bui, Ha; Huo, Zhen; Levchenko, Andrei A.; … - National Bureau of Economic Research - 2022
We introduce information frictions into a tractable quantitative multi-country multi-sector model with global value …' information sets with new quarterly data containing the frequencies of country-industry-specific economic news reports by 11 … information frictions are amplified by the global production network. These information frictions appear as correlated labor …
Persistent link: https://www.econbiz.de/10013210061
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Data and Market Power
Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022
Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...
Persistent link: https://www.econbiz.de/10013210050
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The Subjective Inflation Expectations of Households and Firms : Measurement, Determinants, and Implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - National Bureau of Economic Research - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013210074
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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
amplified by digital ad platforms that automatically distribute companies' ads across the web. Using an information provision … misinformation websites. We identify low-cost, scalable information-based interventions that digital platforms could implement to …
Persistent link: https://www.econbiz.de/10014512041
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Judging the Judges : Indexing of Complex Information Reduces Injustice
Caplin, Andrew; Gomberg, Andrei; Sadka, Joyce C. - National Bureau of Economic Research - 2024
to help judges quickly find relevant information. We made no other changes whatsoever. Our treatment greatly reduced …
Persistent link: https://www.econbiz.de/10014576616
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Exchange Rate Disconnect Revisited
Chahrour, Ryan; Cormun, Vito; De Leo, Pierre; … - National Bureau of Economic Research - 2024
We find that variation in expected U.S. productivity explains over half of U.S. dollar/G7 exchange rate fluctuations. Both correctly-anticipated changes in productivity and expectational noise, which influences the expectation of productivity but not its eventual realization, have large effects....
Persistent link: https://www.econbiz.de/10014576625
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Which Firms Gain from Digital Advertising? Evidence from a Field Experiment
Dai, Weijia; Kim, Hyunjin; Luca, Michael - National Bureau of Economic Research - 2023
Measuring the returns of advertising opportunities continues to be a challenge for many businesses. We design and run a field experiment in collaboration with Yelp across 18,294 firms in the restaurant industry to understand which types of businesses gain more from digital advertising. We...
Persistent link: https://www.econbiz.de/10014226122
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Disasters with Unobservable Duration and Frequency : Intensified Responses and Diminished Preparedness
Acharya, Viral V.; Johnson, Tim; Sundaresan, Suresh M.; … - National Bureau of Economic Research - 2023
We study an economy subject to recurrent disasters when agents have imprecise information about the frequency and …. Agents alter their optimal investment and consumption more intensely relative to the full-information benchmark, and the … full information and pay less for insurance against the next disaster …
Persistent link: https://www.econbiz.de/10014247988
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Continuances and Uncertainty in the Course of Adjudication
Shavell, Steven - National Bureau of Economic Research - 2023
unanticipated events occur, the information that parties will be able to provide courts may be inadequate. And second, preparation …
Persistent link: https://www.econbiz.de/10014248002
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Generative AI at Work
Brynjolfsson, Erik; Li, Danielle; Raymond, Lindsey R. - National Bureau of Economic Research - 2023
We study the staggered introduction of a generative AI-based conversational assistant using data from 5,179 customer support agents. Access to the tool increases productivity, as measured by issues resolved per hour, by 14 percent on average, with the greatest impact on novice and low-skilled...
Persistent link: https://www.econbiz.de/10014250178