Showing 1 - 10 of 124
In this paper, we study the changes in transaction costs from the introduction of the Internet in transactions between firms (i.e., business-to-business (B2B) e-commerce). We begin with a conceptual framework to organize the changes in transaction costs that are likely to result when a...
Persistent link: https://www.econbiz.de/10012470714
This paper investigates the effect of Internet car referral services on dealer pricing of automobiles in California. Combining data from J.D. Power and Associates and Autobytel.com, a major online auto referral service, we compare online transaction prices to regular street' prices. We find that...
Persistent link: https://www.econbiz.de/10012470775
Behavioral economists have proposed that loss-averse employees increase productivity when bonuses are "loss framed"--prepaid then clawed back if targets are unmet. We theoretically document that loss framing raises incentives for costly risk mitigation and for inefficient multitasking,...
Persistent link: https://www.econbiz.de/10012479143
This paper studies the intermediation of auto loans through auto dealers using new and comprehensive administrative data. The arrangements between auto dealers and lenders incentivize dealers to increase loan prices. We leverage details of the corresponding contracts to demonstrate that many...
Persistent link: https://www.econbiz.de/10012482354
Moral hazard is endemic to employment relationships and firms often use performance pay and managerial control to address this problem. While performance pay has received much empirical attention, managerial control has not. We analyze data from a managerial-control field experiment in which an...
Persistent link: https://www.econbiz.de/10012459017
In this paper we investigate whether sellers treat consumers differently on the basis of how well-informed consumers appear to be. We implement a large-scale field experiment in which callers request price quotes from automotive repair shops. We show that sellers alter their initial price quotes...
Persistent link: https://www.econbiz.de/10012459508
Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect...
Persistent link: https://www.econbiz.de/10012460050
Spain together with Scotland are two countries that exhibit the largest expansions in long term care (LTC) in the last … care, which is now partially subsidized by a caregiving subsidy as part of SAAD. Long-term care spending in Spain amounts …
Persistent link: https://www.econbiz.de/10014436956
This paper provides empirical evidence of favoritism by agents, where that favoritism is generated by social pressure. To do so, we explore the behavior of professional soccer referees. Referees have discretion over the addition of extra time at the end of a soccer game (called injury time), to...
Persistent link: https://www.econbiz.de/10012470344
One of the most sustained uses of economic warfare by the United States occurred in Spain during WWII. We provide an … battles: (1) an oil embargo against Spain in the summer of 1940, (2) pre-emptive buying of wolfram (tungsten ore) during the … when Germany was going from victory to victory, was successful in helping keep Spain neutral because it forced the Franco …
Persistent link: https://www.econbiz.de/10012470668