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Forgetting and Heterogeneity in Task Delay : Evidence from New York City Parking-Ticket Recipients
Heffetz, Ori - 2017
tickets issued to 2 million individuals over two years. Exploiting variation (from a policy change and a field experiment) in …
Persistent link: https://www.econbiz.de/10012966587
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Time as a Trade Barrier
Hummels, David L. - 2012
A large and growing share of international trade is carried on airplanes. Air cargo is many times more expensive than maritime transport but arrives in destination markets much faster. We model firms' choice between exporting goods using fast but expensive air cargo and slow but cheap ocean...
Persistent link: https://www.econbiz.de/10013112047
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Evasive Shareholder Meetings
Li, Lily - 2014
We study the location and timing of annual shareholder meetings. When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the meeting. Companies...
Persistent link: https://www.econbiz.de/10013056586
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Timeliness, Trade and Agglomeration
Harrigan, James; Venables, Anthony J. - 2021
An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt...
Persistent link: https://www.econbiz.de/10013312519
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The Smuggling of Art, and the Art of Smuggling : Uncovering the Illicit Trade in Cultural Property and Antiques
Fisman, Raymond J. - 2010
We empirically analyze the illicit trade in cultural property and antiques, taking advantage of different reporting incentives between source and destination countries. We thus generate a measure of illicit trafficking in these goods based on the difference between imports recorded in United...
Persistent link: https://www.econbiz.de/10012759789
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Currency Incontrovertibility, Trade Taxes and Smuggling
Braga de Macedo, Jorge - 2010
In the classic analysis of smuggling importers choose the optimal mix of legal and illegal trade, given trade taxes and the technology of detection. This paper introduces an inconvertible currency in the framework, so that illegal trade is valued at a rate higher than the (fixed) official...
Persistent link: https://www.econbiz.de/10012762928
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Does Legalization Reduce Black Market Activity? Evidence from a Global Ivory Experiment and Elephant Poaching Data
Hsiang, Solomon - 2016
predictions. Here we evaluate the first major global legalization experiment in an internationally banned market, where a … monitoring system established before the experiment enables us to observe the behavior of illegal suppliers before and after …-time legal sale of ivory stocks to China and Japan in 2008 was designed as an experiment, but its global impact has not been …
Persistent link: https://www.econbiz.de/10012989144
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Commercial Policy in a Predatory World
Anderson, James E. - 2007
Mutual causation of predation and trade induces novel effects of commercial policy in this paper. The model can explain trade volume responses to market widening initiatives that are otherwise puzzlingly 'too big' or 'too small'. Efficient commercial policy (broadly defined) depends crucially on...
Persistent link: https://www.econbiz.de/10012778273
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The Welfare Effects of Ticket Resale
Leslie, Phillip - 2009
We develop an equilibrium model of ticket resale in which buyers' decisions in the primary market, including costly efforts to "arrive early" to buy underpriced tickets, are based on rational expectations of resale market outcomes. We estimate the parameters of the model using a novel dataset...
Persistent link: https://www.econbiz.de/10013155031
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Moscow Black Markets and Official Markets for Foreign Exchange : How Much Flexiblity in Flexible Rates?
Goldberg, Linda S. - 2022
Flexible exchange-rate systems often are not recommended for countries undergoing economic transition. In late 1989, the former Soviet Union instituted exchange-rate flexibility on the limited share of enterprise international transactions channelled through the auction and. later, interbank...
Persistent link: https://www.econbiz.de/10013308348