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The Influence of Product Liability on Vertical Product Differentiation

Baumann, Florian - 2015

This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...

Persistent link: https://www.econbiz.de/10013023185

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...

Persistent link: https://www.econbiz.de/10012981297

Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price ination, and offer an alternative to unconventional monetary policy (Correia et al. (2013)). We use a natural experiment to study the causal effect of unconventional fiscal...

Persistent link: https://www.econbiz.de/10012995195

Unconventional Fiscal Policy

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in...

Persistent link: https://www.econbiz.de/10013315437

Do Consumers Buy Less of a Taxed Good?

Kind, Hans Jarle - 2006

This paper shows that consumers may buy more of a taxed good if it is sold by a two-sided platform firm. Two-sided platform industries serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry (newspapers/magazines...

Persistent link: https://www.econbiz.de/10012783321

A Third Benefit of Joint Non-OPEC Carbon Taxes : Transferring OPEC Monopoly Rent

Dong, Yan - 2013

This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and … theory, the primary purpose of a carbon tax is to internalize a global negative externality. A second benefit for individual … the supplier's price of oil, thus decreasing non-OPEC countries' oil demand, and transferring OPEC monopoly rent to non …

Persistent link: https://www.econbiz.de/10013095719

Experimentation in Two-Sided Markets

Peitz, Martin - 2015

We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...

Persistent link: https://www.econbiz.de/10013022496

Measuring Quality for Use in Incentive Schemes : The Case of 'Shrinkage' Estimators

Mehta, Nirav - 2018

Researchers commonly “shrink” raw quality measures based on statistical criteria. This paper studies when and how this transformation's statistical properties would confer economic benefits to a utility-maximizing decisionmaker across common asymmetric information environments. I develop the...

Persistent link: https://www.econbiz.de/10012910994

Managing Trade : Evidence from China and the US

Bloom, Nicholas - 2019

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...

Persistent link: https://www.econbiz.de/10012898431

Quality vs. Quantity in Information Transmission : Theory and Experimental Evidence

Lafky, Jonathan - 2015

themselves, and the best-cast theory's robustness to human behavior. Our findings indicate the possibility for substantial …

Persistent link: https://www.econbiz.de/10013019406