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Much debate exists around the impact that illegal file sharing may have on the creative industries. Similarly, opinions differ regarding whether the producers of artistic works should be forced to accept any weakening of intellectual property rights resulting from illegal file sharing, or if...
Persistent link: https://www.econbiz.de/10013035462
effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary …We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … education spending and teacher salaries falls sharply when respondents receive information about existing levels. Treatment …
Persistent link: https://www.econbiz.de/10012979764
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
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
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
High skilled workers gain from face to face interactions. If the skilled can move at higher speeds, then knowledge … citations, we document a complementarity effect between knowledge production and the transportation network. Co …
Persistent link: https://www.econbiz.de/10012920886
New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both inflation measurement and...
Persistent link: https://www.econbiz.de/10012995985
A pre-specified set of nine prominent U.S. equity return anomalies produce significant alphas in Canada, France, Germany, Japan, and the U.K. All of the anomalies are consistently significant across these five countries, whose developed stock markets afford the most extensive data. The anomalies...
Persistent link: https://www.econbiz.de/10012947659
institutional investors gather information on a very particular subset of firms and insiders, and their surveillance is very … persistent over time. This tracking behavior has powerful implications for their portfolio choice, and its information content … follow. Collectively, our results suggest that the information in tracked trades is important for fundamental firm value and …
Persistent link: https://www.econbiz.de/10012914729
The solar industry in the US typically uses a credit score such as the FICO score as an indicator of consumer utility payment performance and credit worthiness to approve customers for new solar installations. Using data on over 800,000 utility payment performance and over 5,000 demographic...
Persistent link: https://www.econbiz.de/10012862419