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non-competitive environments. We apply our tests to two datasets: the sample of Ohio milk auctions studied in Porter and …
Persistent link: https://www.econbiz.de/10012814400
We examine the institutional details of the school milk procurement process, bidding data, statements of dairy … and one half percent, or roughly the cost of shipping school milk about 50 miles …
Persistent link: https://www.econbiz.de/10012472780
Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...
Persistent link: https://www.econbiz.de/10012457545
milk supply was regularly skimmed and diluted with water, but consumers could not easily determine its quality because dyes …, caramel, and salt were added. To protect consumers, milk inspectors were tasked with enforcing a well-defined MQS. Using city …-level data for the period 1880-1910, we find that milk inspections reduced mortality from waterborne and foodborne diseases by 8 …
Persistent link: https://www.econbiz.de/10013210091
In the mid-19th century, the urban milk supply in the United States was regularly skimmed or diluted with water …, reducing its nutritional value. At the urging of public health experts, cities across the country hired milk inspectors, who … were tasked with collecting and analyzing milk samples with the goal of preventing adulteration and skimming. Using city …
Persistent link: https://www.econbiz.de/10012794647
Collective reputation implies an important externality. Among firms trading internationally, quality shocks about one firm's products could affect the demand of other firms from the same origin country. We study this issue in the context of a large-scale scandal that affected the Chinese dairy...
Persistent link: https://www.econbiz.de/10012480227
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
Knowledge of the effect of unearned income on economic behavior of individuals in general, and on labor supply in particular, is of great importance to policy makers. Estimation of income effects, however, is a difficult problem because income is not randomly assigned and exogenous changes in...
Persistent link: https://www.econbiz.de/10012471799
We investigate the informativeness of hygiene signals in online reviews, and their effect on consumer choice and restaurant hygiene. We first extract signals of hygiene from Yelp. Among all dimensions that regulators monitor through mandated restaurant inspections, we find that reviews are more...
Persistent link: https://www.econbiz.de/10012938684
There is growing interest in market design using default rules and other choice architecture principles to steer consumers toward desirable outcomes. Using data from Massachusetts' health insurance exchange, we study an "automatic retention" policy intended to prevent coverage interruptions...
Persistent link: https://www.econbiz.de/10012510509