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The End of Tourist Traps : A Natural Experiment on the Impact of Tripadvisor on Quality Upgrading
Donati, Dante - 2022
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers’ behavior and firms’ incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms’...
Persistent link: https://www.econbiz.de/10014080609
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A Beam of Light : Media, Tourism & Economic Development
Nocito, Samuel; Sartarelli, Marcello; Sobbrio, Francesco - 2021
Tourism accounts for around one tenth of global GDP. We analyze the impact of entertainment media in drawing tourists … to filming locations (media multiplier ) and, in turn, the effect of tourism on local economic development (tourism … factor of 2.5. Furthermore, we provide evidence of positive spillovers in nearby municipalities. To estimate the tourism …
Persistent link: https://www.econbiz.de/10013228867
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Policy Implications of Models of the Spread of Coronavirus : Perspectives and Opportunities for Economists
Avery, Christopher - 2020
This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) that have been …
Persistent link: https://www.econbiz.de/10012833728
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Firm-Level Expectations and Behavior in Response to the COVID-19 Crisis
Buchheim, Lukas - 2020
This paper studies the determinants of firms' business outlook and managerial mitigation strategies in the wake of the COVID-19 crisis using a representative panel of German firms. We first demonstrate that the crisis amplifies pre-crisis weaknesses: Firms that appear relatively weak before the...
Persistent link: https://www.econbiz.de/10012833757
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On the Optimal 'Lockdown' During an Epidemic
Gonzalez-Eiras, Martín - 2020
We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care...
Persistent link: https://www.econbiz.de/10012835657
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The Coronavirus and the Great Influenza Epidemic - Lessons from the 'Spanish Flu' for the Coronavirus's Potential Effects on Mortality and Economic Activity
Barro, Robert J. - 2020
Mortality and economic contraction during the 1918-1920 Great Influenza Epidemic provide plausible upper bounds for … outcomes under the coronavirus (COVID-19). Data for 43 countries imply flu-related deaths in 1918-1920 of 39 million, 2 …
Persistent link: https://www.econbiz.de/10012839262
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Pandemics, Places, and Populations : Evidence from the Black Death
Jedwab, Remi - 2019
The Black Death killed 40% of Europe’s population between 1347-1352, making it one of the largest shocks in the history of mankind. Despite its historical importance, little is known about its spatial effects and the effects of pandemics more generally. Using a novel dataset that provides...
Persistent link: https://www.econbiz.de/10012891571
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Does Crowd Support Drive the Home Advantage in Professional Soccer? Evidence from German Ghost Games During the Covid-19 Pandemic
Fischer, Kai - 2020
This paper examines the relation between crowd support and home advantage in professional football in making use of a unique “natural experiment” induced by restrictions due to the Corona pandemic: so-called ghost games in the top three German football divisions during the 2019/2020 season....
Persistent link: https://www.econbiz.de/10012822694
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Betting Market Efficiency in the Presence of Unfamiliar Shocks : The Case of Ghost Games During the COVID-19 Pandemic
Fischer, Kai - 2020
Betting markets have been frequently used as a natural laboratory to test the efficient market hypothesis and to obtain insights especially for financial markets. We add to this literature in analyzing the velocity and accuracy in which market expectations adapt to an exogenous shock: the...
Persistent link: https://www.econbiz.de/10012823156
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Pandemic Meets Pollution : Poor Air Quality Increases Deaths by COVID-19
Isphording, Ingo E. - 2020
We study the impact of short-term exposure to ambient air pollution on the spread and severity of COVID-19 in Germany. We combine data on county-by-day level on confirmed cases and deaths with information on local air quality and weather conditions and exploit short-term variation in the...
Persistent link: https://www.econbiz.de/10012824831