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Adverse selection among early adopters and unraveling innovation

McGee, Rory - 2023

I provide an equilibrium analysis of 'selection markets': where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new...

Persistent link: https://www.econbiz.de/10014581822

Do the Jonesesreally matter? Peer-group versus correlated effects in intemporal consumption choice

Maurer, Jürgen; Meier, André - 2005

Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential explanation for some of the puzzles in macroeconomics and finance. However, the empirical relevance of peer effects for intertemporal consumption choice is a completely open question....

Persistent link: https://www.econbiz.de/10010292999

Effectiveness of tax incentives to boost (retirement) saving: Theoretical motivation and empirical evidence

Attanasio, Orazio P.; Banks, James; Wakefield, Matthew - 2004

The adequacy of household saving for retirement has become a policy issue all around the world. The UK and US have been in the vanguard of those countries that have tried to encourage retirement saving by providing tax-favoured treatment for particular savings accounts. We consider empirical...

Persistent link: https://www.econbiz.de/10010293021

Firm consolidation and labor market outcomes

Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022

Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...

Persistent link: https://www.econbiz.de/10014480422

Overconfidence and technology adoption in health care

Comin, Diego; Skinner, Jonathan; Staiger, Douglas - 2022

Variation in technology adoption is a key driver of differences in productivity. Previous studies sought to explain … variations in technology adoption by heterogeneity in profitability, costs of adoption, or other factors. Less is known about how … adoption is affected by bias in the perceived skill to implement the technology. We develop a Bayesian framework in which the …

Persistent link: https://www.econbiz.de/10014480649

Outsourcing and offshoring of business services: How important is ICT?

Abramovsky, Laura; Griffith, Rachel - 2005

This paper considers the impact that technology has on firms' choices over organisational form, in particular whether to produce inhouse or outsource and offshore services, and firms' decision over the location of activity. Technology reduces the transaction and adjustment costs of moving...

Persistent link: https://www.econbiz.de/10010293025

Skill-based technology adoption: Firm-level evidence from Brazil and India

Harrison, Rupert - 2008

unique new dataset of manufacturing firms in Brazil and India. I use detailed information on firms’ adoption of ICT and the … strongly suggestive of skill-biased ICT adoption, with ICT able to explain up to a third of the average increase in the share …

Persistent link: https://www.econbiz.de/10010293062

ICT, corporate restructuring and productivity

Abramovsky, Laura; Griffith, Rachel - 2009

adoption of information and communication technology (ICT). The literature has emphasised complementarities in production …

Persistent link: https://www.econbiz.de/10010275732

Revealed preference and consumption behaviour at retirement

Levell, Peter - 2014

This paper sets out revealed preference tests for different models of consumption behaviour over retirement that we applied to a Spanish consumption panel dataset. We reject the perfect foresight model both with separable preferences and allowing for preference change. The first order conditions...

Persistent link: https://www.econbiz.de/10011335611

Can the retirement consumption puzzle be resolved? Evidence from UK panel data

Smith, Sarah - 2004

This paper uses UK panel data to shed further light on the fall in spending at retirement (the “retirement-consumption puzzle”). It compares the profiles of spending and well-being at retirement for different groups, defined according to whether retirement is voluntary or involuntary. Where...

Persistent link: https://www.econbiz.de/10010292967

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