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On price-setting for identical products in markets without formal trade barriers
Hassink, Wolter H. J.; Schettkat, Ronald - 2001
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10011402390
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Quality and price setting of high-tech goods
Gorodnichenko, Yuriy; Talavera, Oleksandr; Nam Hoai Vu - 2021
This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...
Persistent link: https://www.econbiz.de/10012419306
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Setting priorities in school choice enrollment systems : who benefits from placement algorithm preferences?
Valant, Jon; Walker, Brigham - 2024
schools. This study explores whether the New Orleans placement algorithm favored students of certain races or socioeconomic …
Persistent link: https://www.econbiz.de/10014464130
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Taking time use seriously : income, wages and price discrimination
Hamermesh, Daniel S.; Biddle, Jeff - 2018
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10011951477
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Dealer pricing of consumer credit
Bertola, Giuseppe; Hochgürtel, Stefan; Koeniger, Winfried - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers' credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10011406655
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A hands-on machine learning primer for social scientists : math, algorithms and code
Askitas, Nikos - 2024
This paper addresses the steep learning curve in Machine Learning faced by noncomputer scientists, particularly social scientists, stemming from the absence of a primer on its fundamental principles. I adopt a pedagogical strategy inspired by the adage "once you understand OLS, you can work your...
Persistent link: https://www.econbiz.de/10014535259
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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
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A theory of price adjustment under loss aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …
Persistent link: https://www.econbiz.de/10010350414
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The impact of trade liberalization on firms' product and labor market power
Dobbelaere, Sabien; Wiersma, Quint - 2020
This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...
Persistent link: https://www.econbiz.de/10012169328
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Price and saliency in health care: when can targeted nudges change behaviors?
Walker, Brigham - 2020
This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health services. A large employer e-mailed individually-targeted health education encouraging high-value care to high-risk employees. Weeks before the program launched, a company...
Persistent link: https://www.econbiz.de/10012314696