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Using Big Data to Estimate Consumer Surplus : The Case of Uber

Cohen, Peter - 2016

Estimating consumer surplus is challenging because it requires identification of the entire demand curve. We rely on … Uber's “surge” pricing algorithm and the richness of its individual level data to first estimate demand elasticities at … several points along the demand curve. We then use these elasticity estimates to estimate consumer surplus. Using almost 50 …

Persistent link: https://www.econbiz.de/10012983430

Consumption Demand

Attanasio, Orazio - 2021

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...

Persistent link: https://www.econbiz.de/10013244108

Health Insurance for "Humans" : Information Frictions, Plan Choice, and Consumer Welfare

Handel, Benjamin; Kolstad, Jonathan - 2021

Traditional models of insurance choice are predicated on fully informed and rational consumers protecting themselves from exposure to financial risk. In practice, choosing an insurance plan from a set of complex non-linear contracts is a complicated decision often made without full information...

Persistent link: https://www.econbiz.de/10013224390

Technological Leadership (De)Concentration : Causes in Icte

Ozcan, Yasin - 2016

Using patents as indicators of inventive activity, this article characterizes the concentration of origins of invention from 1976 to 2010, and how these changed over time. The analysis finds pervasive deconcentration in virtually every area related to ICT, but it can explain only a small part of...

Persistent link: https://www.econbiz.de/10012983423

Energy Cost Pass-Through in U.S. Manufacturing : Estimates and Implications for Carbon Taxes

Ganapati, Sharat - 2016

We study how changes in energy input costs for U.S. manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes which accounts for incomplete pass-through, imperfect competition, and...

Persistent link: https://www.econbiz.de/10012991670

A Test of Consumption Insurance

Cochrane, John H. - 2021

Are individuals effectively insured against idiosyncratic shocks to income or wealth by either formal or informal mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and that the distribution of measured consumption growth...

Persistent link: https://www.econbiz.de/10013238724

Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry

Butters, R. Andrew - 2019

has evolved differently since then in areas that are business travel versus personal travel destinations. Demand increases …

Persistent link: https://www.econbiz.de/10012857730

Sunk Costs and Real Options in Antitrust

Pindyck, Robert S. - 2021

Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of...

Persistent link: https://www.econbiz.de/10013237049

Sources of Geographic Variation in Health Care : Evidence from Patient Migration

Finkelstein, Amy - 2015

migration of Medicare patients to separate the role of demand and supply factors. Our approach allows us to account for demand … in utilization is attributable to patient demand, with the remainder due to place-specific supply factors. Demand …

Persistent link: https://www.econbiz.de/10013031212

How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data

Amiti, Mary - 2013

separate firm-borrowing shocks from bank-supply shocks using a vast sample of matched bank-firm lending data. We decompose … aggregate loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of … role for granular shocks as in Gabaix (2011). We show that idiosyncratic granular bank-supply shocks explain 30-40 percent …

Persistent link: https://www.econbiz.de/10013085124

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