Similar Search Results

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

Aghion, Philippe; Burgess, Robin; Redding, Stephen J.; … - In: American Economic Review 98 (2008) 4, pp. 1397-1412

We study whether the effects on registered manufacturing output of dismantling the License Raj—a system of central controls regulating entry and production activity in this sector—vary across Indian states with different labor market regulations. The effects are found to be unequal across...

Persistent link: https://www.econbiz.de/10005573337

Making Room for China in the World Economy

Rodrik, Dani - In: American Economic Review 100 (2010) 2, pp. 89-93

Persistent link: https://www.econbiz.de/10008584576

Promotional Reviews: An Empirical Investigation of Online Review Manipulation

Mayzlin, Dina; Dover, Yaniv; Chevalier, Judith - In: American Economic Review 104 (2014) 8, pp. 2421-55

Firms' incentives to manufacture biased user reviews impede review usefulness. We examine the differences in reviews for a given hotel between two sites: Expedia.com (only a customer can post a review) and TripAdvisor.com (anyone can post). We argue that the net gains from promotional reviewing...

Persistent link: https://www.econbiz.de/10010884831

Lemons Markets and the Transmission of Aggregate Shocks

Kurlat, Pablo - In: American Economic Review 103 (2013) 4, pp. 1463-89

I study a dynamic economy featuring adverse selection in asset markets. Borrowing-constrained entrepreneurs sell past projects to finance new investment, but asymmetric information creates a lemons problem. I show that this friction is equivalent to a tax on financial transactions. The implicit...

Persistent link: https://www.econbiz.de/10010666614

Adverse Selection in Durable Goods Markets

Lizzeri, Alessandro; Hendel, Igal - In: American Economic Review 89 (1999) 5, pp. 1097-1115

We present a dynamic model of adverse selection to examine the interactions between new and used goods markets. We find that the used market never shuts down, the volume of trade can be large, and distortions are lower than previously thought. New cars prices can be higher under adverse...

Persistent link: https://www.econbiz.de/10005820311

The Market for Evaluations

Resnick, Paul; Avery, Christopher; Zeckhauser, Richard - In: American Economic Review 89 (1999) 3, pp. 564-584

Recent developments in computer networks have driven the cost of distributing information virtually to zero, creating extraordinary opportunities for sharing product evaluations. The authors present pricing and subsidy mechanisms that operate through a computerized market and induce the...

Persistent link: https://www.econbiz.de/10005821092

Information and Quality When Motivation Is Intrinsic: Evidence from Surgeon Report Cards

Kolstad, Jonathan T. - In: American Economic Review 103 (2013) 7, pp. 2875-2910

If profit maximization is the objective of a firm, new information about quality should affect firm behavior only … well in addition to profit. The introduction of quality "report cards" for cardiac surgery in Pennsylvania provides an …

Persistent link: https://www.econbiz.de/10010720106

Information Disclosure as a Matching Mechanism: Theory and Evidence from a Field Experiment

Tadelis, Steven; Zettelmeyer, Florian - In: American Economic Review 105 (2015) 2, pp. 886-905

Market outcomes depend on the quality of information available to its participants. We measure the effect of … information disclosure on market outcomes using a large-scale field experiment that randomly discloses quality information in … vertically ranked by quality. This implies that information disclosure helps match heterogeneous buyers to cars of varying …

Persistent link: https://www.econbiz.de/10011156805

Standardization in Decentralized Economies

Benaim, Michel; Auriol, Emmanuelle - In: American Economic Review 90 (2000) 3, pp. 550-570

This paper presents a dynamic model, inspired by evolutionary game theory, of how standards and norms emerge in decentralized economies. It shows that standardization outcomes depend on adopters' attitudes to problems caused by incompatibility. If individuals display aversion to incompatibility,...

Persistent link: https://www.econbiz.de/10005563291

Why Do Programmers Earn More in Houston than Hyderabad? Evidence from Randomized Processing of US Visas

Clemens, Michael A. - 2014

Why do workers earn so much more in the United States than in India? This study compares the earnings of workers in the two countries in a unique setting. The product is perfectly tradable (software), technology differences are nil (they are members of the same work team), and the workers are...

Persistent link: https://www.econbiz.de/10013063809

1
2
3
4
5
6
7
8
9
Next
Last