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To Hold Out or Not to Hold Out
Schorfheide, Frank - 2013
A recent literature has developed that combines two prominent empirical approaches to ex ante policy evaluation: randomized controlled trials (RCT) and structural estimation. The RCT provides a "gold-standard'' estimate of a particular treatment, but only of that treatment. Structural estimation...
Persistent link: https://www.econbiz.de/10013073955
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Researcher Incentives and Empirical Methods
Glaeser, Edward L. - 2007
Economists are quick to assume opportunistic behavior in almost every walk of life other than our own. Our empirical methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this problem is not to expect a mass renunciation of data...
Persistent link: https://www.econbiz.de/10012778257
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Spurious Regressions in Financial Economics?
Ferson, Wayne E. - 2010
Even though stock returns are not highly autocorrelated, there is a spurious regression bias in predictive regressions for stock returns related to the classic studies of Yule (1926) and Granger and Newbold (1974). Data mining for predictor variables interacts with spurious regression bias. The...
Persistent link: https://www.econbiz.de/10012762990
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Macro-Economic Management in an Electronic Credit/Financial System
Stiglitz, Joseph E. - 2017
Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible macro-economic implication, showing how such a financial system might enhance government's ability to...
Persistent link: https://www.econbiz.de/10012965440
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The Economics of Internet Markets
Levin, Jonathan - 2014
The internet has facilitated the creation of new markets characterized by large scale, increased customization, rapid … theory that has been useful for thinking about online advertising markets, retail and business-to-business e …-commerce, internet job matching and financial exchanges, and other internet platforms. I also discuss the empirical evidence on …
Persistent link: https://www.econbiz.de/10013068482
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Evidence of Decreasing Internet Entropy : The Lack of Redundancy in Dns Resolution by Major Websites and Services
Bates, Samantha - 2018
This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its …
Persistent link: https://www.econbiz.de/10012927037
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Internet Rising, Prices Falling : Measuring Inflation in a World of E-Commerce
Goolsbee, Austan D. - 2018
We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...
Persistent link: https://www.econbiz.de/10012918079
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Online Auctions
Ockenfels, Axel; Reiley, David; Sadrieh, Abdolkarim - 2021
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10013224430
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Geography and the Internet : Is the Internet a Substitute or a Complement for Cities?
Sinai, Todd M.; Waldfogel, Joel - 2021
We study the tendency to connect to the Internet, and the online and offline shopping behavior of connected persons, to … draw inferences about whether the Internet is a substitute or a complement for cities. We document that larger markets have … content, suggesting the Internet is a complement to cities. Yet, holding local online content constant, people are less likely …
Persistent link: https://www.econbiz.de/10013226190
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Prices and Price Dispersion on the Web : Evidence from the Online Book Industry
Clay, Karen; Krishnan, Ramayya; Wolff, Eric - 2021
reduction in search costs on the Internet relative to the physical channel would cause both price and price dispersion to fall …
Persistent link: https://www.econbiz.de/10013248236