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Platform design and innovation incentives : evidence from the product ratings system on Apple's App Store
Leyden, Benjamin T. - 2021
A lack of platform-level competition among digital marketplaces can result in socially inefficient platform design and meaningful welfare losses, even independent of actively anticompetitive behavior. To illustrate the first-order effects platform design can have on competitive outcomes, I...
Persistent link: https://www.econbiz.de/10012534177
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Demand estimation using managerial responses to automated price recommendations
García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021
We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic … identify demand elasticities across hotel room types and over time. We confirm these elasticity estimates with a difference …-function approach to two classic questions in the dynamic pricing literature: the evolution of price elasticity of demand over time as …
Persistent link: https://www.econbiz.de/10012534709
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The consumption value of higher education
Alstadsæter, Annette; Sievertsen, Hans Henrik - 2009
The consumption value of higher education is an important factor behind the individual's educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10003922852
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The willingness to pay for mortality risk reductions : a comparison of the United States and Canada
Alberini, Anna; Krupnick, Alan J.; Cropper, Maureen L.; … - 2002
We present results for two contingent valuation surveys conducted in Hamilton, Canada and the US to elicit WTP for mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930,000 to USD 4.8 million (2000 US dollars). WTP increases...
Persistent link: https://www.econbiz.de/10011409036
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What's the monetary value of distributive justice?
Corneo, Giacomo (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003363903
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Pay-what-you-want to support independent information : a field experiment on motivation
Casarico, Alessandra; Tonin, Mirco - 2018
Pay-what-you-want schemes can be a useful tool to finance high quality and independent news media without restricting readership, therefore guaranteeing maximum diffusion. We conduct a field experiment with the Italian information site lavoce.info to explore how to structure a campaign in a way...
Persistent link: https://www.econbiz.de/10011809908
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Fighting climate change : the role of norms, preferences, and moral values
Falk, Armin; Andre, Peter; Boneva, Teodora; Anand … - 2021
We document individual willingness to fight climate change and its behavioral determinants in a large representative sample of US adults. Willingness to fight climate change – as measured through an incentivized donation decision – is highly heterogeneous across the population. Individual...
Persistent link: https://www.econbiz.de/10012597131
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Do better schools lead to more growth? : cognitive skills, economic outcomes, and causation
Hanushek, Eric Alan; Woessmann, Ludger - 2009
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10003806721
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Did US consumers 'save for a rainy day' before the Great Recession?
Anundsen, André Kallåk; Nymoen, Ragnar - 2015
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
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The chair of the U.S. Federal Reserve and the macroeconomic causality regimes
Aksoy, Yunus; Morita, Rubens; Psaradakis, Zacharias G. - 2019
We investigate regime-dependent Granger causality between real output, inflation and monetary indicators and map with U.S. Fed Chairperson's tenure since 1965. While all monetary indicators have causal predictive content in certain time periods, we report that the Federal Funds rate (FFR) and...
Persistent link: https://www.econbiz.de/10012157284