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Attention Variation and Welfare : Theory and Evidence from a Tax Salience Experiment

Taubinsky, Dmitry - 2016

This paper shows that accounting for variation in mistakes can be crucial for welfare analysis. Focusing on consumer underreaction to not-fully-salient sales taxes, we show theoretically that the efficiency costs of taxation are amplified by differences in underreaction across individuals and...

Persistent link: https://www.econbiz.de/10012984747

Learning from Seller Experiments in Online Markets

Einav, Liran - 2013

The internet has dramatically reduced the cost of varying prices, displays and information provided to consumers, facilitating both active and passive experimentation. We document the prevalence of targeted pricing and auction design variation on eBay, and identify hundreds of thousands of...

Persistent link: https://www.econbiz.de/10013092391

Banning Foreign Pharmacies from Sponsored Search : The Online Consumer Response

Chesnes, Matthew - 2014

Increased competition from the internet has raised concerns about the quality of prescription drugs sold online. Given the pressure from the Department of Justice, Google agreed to ban pharmacies not certified by the National Association of Boards of Pharmacy (NABP) from sponsored search...

Persistent link: https://www.econbiz.de/10013054516

Market Structure, Reputation, and the Value of Quality Certification

Elfenbein, Daniel W. - 2014

Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...

Persistent link: https://www.econbiz.de/10013054867

Biased Sampling of Early Users and the Direction of Startup Innovation

Cao, Ruiqing; Koning, Rembrand; Nanda, Ramana - 2022

Using data from a prominent online platform for launching new digital products, we document that the composition of the platform's ‘beta testers’ on the day a new product is launched has a systematic and persistent impact on the venture's success. Specifically, we use word embedding methods...

Persistent link: https://www.econbiz.de/10014241447

The Effect of Word of Mouth on Sales : Online Book Reviews

Chevalier, Judith A.; Mayzlin, Dina - 2021

We examine the effect of consumer reviews on relative sales of books on Amazon.com and BarnesandNoble.com. We find that … 1) reviews are overwhelmingly positive at both sites, but there are more reviews and longer reviews at Amazon.com, 2) an …

Persistent link: https://www.econbiz.de/10013237283

Brand Loyalty, Generic Entry and Price Competition in Pharmaceuticals in the Quarter Century after the 1984 Waxman-Hatch Legislation

Berndt, Ernst R. - 2014

. Recent studies sponsored by the American Association of Retired Persons focus only on brand prices and ignore substitution to …

Persistent link: https://www.econbiz.de/10013069176

The Evolution of Brand Preferences : Evidence from Consumer Migration

Bronnenberg, Bart J. - 2010

We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of … advertising. Heterogeneity in brand preferences explains 40 percent of geographic variation in market shares. These preferences … years in the past still exerting a significant effect on current consumption. Counterfactuals suggest that brand preferences …

Persistent link: https://www.econbiz.de/10013139281

Price Impacts of Deals and Predictability of the Exchange Rate Movements

Ito, Takatoshi - 2010

This paper examines the price impact and the predictability of the exchange rate movement using the transaction data recorded in the electronic broking system of the spot foreign exchange market. The number of actual deals at the ask (or bid side) for a specified time interval may be regarded as...

Persistent link: https://www.econbiz.de/10012760548

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 distributed resilience given the rise of cloud-based hosting and infrastructure. We explore trends in the concentration of the DNS space since at least 2011. In addition, we...

Persistent link: https://www.econbiz.de/10012927037