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It's Fourth Down and What Does the Bellman Equation Say? A Dynamic Programming Analysis of Football Strategy
Romer, David - National Bureau of Economic Research (NBER) - 2002
This paper uses play-by-play accounts of virtually all regular season National Football League games for 1998-2000 to analyze teams' choices on fourth down between trying for a first down and kicking. Dynamic programming is used to estimate the values of possessing the ball at different points...
Persistent link: https://www.econbiz.de/10005775131
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Nonparametric Identification and Estimation of Nonadditive Hedonic Models
Matzkin, Rosa Liliana; Nesheim, Lars Patrick; Heckman, … - National Bureau of Economic Research (NBER) - 2009
This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium...
Persistent link: https://www.econbiz.de/10005037716
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Does Competition Destroy Ethical Behavior?
Shleifer, Andrei - National Bureau of Economic Research (NBER) - 2004
Explanations of unethical behavior often neglect the role of competition, as opposed to greed, in assuring its spread … activities by universities, this paper clarifies the role of competition in promoting censured conduct. When unethical behavior … cuts costs, competition drives down prices and entrepreneurs' incomes, and thereby reduces their willingness to pay for …
Persistent link: https://www.econbiz.de/10005720085
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A Structural Approach to Identifying the Sources of Local-Currency Price Stability
Goldberg, Pinelopi; Hellerstein, Rebecca - National Bureau of Economic Research (NBER) - 2007
The inertia of the local-currency prices of traded goods in the face of exchange-rate changes is a well-documented phenomenon in International Economics. This paper develops a structural model to identify the sources of this local-currency price stability and applies it to micro data from the...
Persistent link: https://www.econbiz.de/10005828568
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Financial Literacy, Information, and Demand Elasticity: Survey and Experimental Evidence from Mexico
Hastings, Justine S.; Tejeda-Ashton, Lydia - National Bureau of Economic Research (NBER) - 2008
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10005829896
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Media Bias and Reputation
Gentzkow, Matthew Aaron; Shapiro, Jesse - National Bureau of Economic Research (NBER) - 2005
severe when consumers receive independent evidence on the true state of the world, and that competition between independently …
Persistent link: https://www.econbiz.de/10005830862
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Is India's Manufacturing Sector Moving Away From Cities?
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R. - National Bureau of Economic Research (NBER) - 2012
This paper investigates the urbanization of the Indian manufacturing sector by combining enterprise data from formal and informal sectors. We find that plants in the formal sector are moving away from urban and into rural locations, while the informal sector is moving from rural to urban...
Persistent link: https://www.econbiz.de/10011227923
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Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - National Bureau of Economic Research (NBER) - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011252663
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The Impact of Consumer Inattention on Insurer Pricing in the Medicare Part D Program
Ho, Kate; Hogan, Joseph; Morton, Fiona Scott - National Bureau of Economic Research (NBER) - 2015
Medicare Part D presents a novel privatized structure for a government pharmaceutical benefit. Incentives for firms to provide low prices and high quality are generated by consumers who choose among multiple insurance plans in each market. To date the literature has primarily focused on...
Persistent link: https://www.econbiz.de/10011201880
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The Economics of Internet Markets
Levin, Jonathan - National Bureau of Economic Research (NBER) - 2011
competition and consumer behavior in internet markets and some directions for future research. …
Persistent link: https://www.econbiz.de/10008855223