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While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by...
Persistent link: https://www.econbiz.de/10013087403
I estimate the impacts of recently-popular U.S. state film incentives on filming location, film industry employment …, matching this with TV series and feature film data from the Internet Movie Database (IMDb) and Studio System, and establishment …, and establishments in the film industry and in related industries. These results show that the ability for tax incentives …
Persistent link: https://www.econbiz.de/10012870251
We exploit supply-driven heterogeneity in the expansion of cable television across Norwegian municipalities to identify developmental effects of commercial television exposure during childhood. We find that higher exposure to commercial television reduces cognitive ability and high school...
Persistent link: https://www.econbiz.de/10013001315
Looking at TV news viewership in Italy during the COVID-19 pandemic, we investigate whether demand for national and local news depends on national or local events. Exploiting the fact that epidemiological developments display a great deal of variation among the different regions, we find that...
Persistent link: https://www.econbiz.de/10013315156
In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if – in contrast to the standard model – the...
Persistent link: https://www.econbiz.de/10014078015
Watching television is the most time-consuming human activity besides work but its role for individual well-being is unclear. Negative consequences portrayed in the literature raise the question whether this popular pastime constitutes an economic good or bad, and hence serves as a prime example...
Persistent link: https://www.econbiz.de/10014087377
This paper studies asymmetry of information and transfers within a unique data set of 712 extended family networks from Tanzania. Using cross-reports on asset holdings, we construct measures of misperception of income among all pairs of households belonging to the same network. We show that...
Persistent link: https://www.econbiz.de/10013047878
Immigrant workers and their labor force participation in host countries have received critical attention in all concerned disciplines, principally owing to its strong implications for well-being of natives. The aging population in many rich countries and several related and unrelated issues...
Persistent link: https://www.econbiz.de/10013129911
Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of fraud and to examine the...
Persistent link: https://www.econbiz.de/10013125139
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...
Persistent link: https://www.econbiz.de/10013153013