Showing 1 - 10 of 213
We present results about the effects of observing others' choices, called observational learning, on individuals' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our experimental design aims to distinguish observational learning...
Persistent link: https://www.econbiz.de/10012775791
Using nationally representative data on consumption, we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing, jewelry, and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all sub-populations, that...
Persistent link: https://www.econbiz.de/10012759843
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10013224436
We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a therapeutic class of drugs. These effects emerge when use of a drug by others affects its value, and/or conveys information abut efficacy and safety to patients and physicians....
Persistent link: https://www.econbiz.de/10013211641
Traditional economic analysis has proposed well known remedies to deal with consumption externalities and inefficient technological change in isolation, but lacks a general framework for addressing them jointly. We argue that the joint determination of Ramp;D and consumption externalities is...
Persistent link: https://www.econbiz.de/10012752457
We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals seek status, and that perceptions of wealth affect status. Under identifiable conditions, the model generates Veblen...
Persistent link: https://www.econbiz.de/10013227510
magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China … FDI spillovers. During 1998-2007, the span of our Chinese firm-level data set, both tariffs and FDI tax holidays changed … dramatically. Our results highlight the efficacy of vertical FDI spillovers. We find that tariff reforms, particularly tariff …
Persistent link: https://www.econbiz.de/10013130551
of social spillovers. Individuals are either 'high' or 'low' types. Own outcomes may vary with the fraction of high types … study sorting in the presence of social spillovers by incorporating unobserved individual- and group-level heterogeneity. We …
Persistent link: https://www.econbiz.de/10013136555
appears to depend on the intensity of parent firm R&D (R&D per plant), not on the total amount; and (3) spillovers of research …&D. These results suggest that, despite the externalities created by spillovers of R&D, the `dilution' of R&D across multiple … target plants reduces its potency sufficiently that spillovers may not be a source of industry-wide or economy …
Persistent link: https://www.econbiz.de/10013137603
This paper builds a theory of the distribution of TFP across countries. The theory is based on the hypothesis that TFP improvements in a given country follow a Nelson-Phelps specification: they derive from past investments in the country itself and, through a spillover term, from past...
Persistent link: https://www.econbiz.de/10013138084