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Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies
Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021
Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...
Persistent link: https://www.econbiz.de/10012585362
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Price Discovery and Market Segmentation in China's Credit Market
Geng, Zhe - 2019
information content of credit spreads in China. Using Merton's model of default, we construct credit measures of publicly listed … 2014, do credit spreads in China become informative. Compared with the findings in the US credit market, the magnitude of … state-owned enterprises (SOEs) in China results in a market segmentation between SOE and non-SOE issuers that is harmful to …
Persistent link: https://www.econbiz.de/10012480519
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The Effects of Primary Care Chronic-Disease Management in Rural China
Chen, Yiwei - 2019
middle-income countries--lack strong primary care. We analyze China's efforts to promote primary care management for insured …
Persistent link: https://www.econbiz.de/10012480046
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Competition in the Computer Industry
Goolsbee, Austan - 2001
This paper estimates the relative price sensitivity of individuals' choice of whether to buy computers online versus in retail stores using a new data source on the computer purchase behavior of more than 20,000 people. To estimate the degree of competition between the two channels, the paper...
Persistent link: https://www.econbiz.de/10012470369
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Whither Flat Panel Displays?
Krishna, Kala - 1996
This paper examines possible consequences of subsidies to R&D and to volume production proposed under the Clinton administration's flat panel display initiative. We do this in the context of a model in which firms behave competitively in the short run, while realizing that their choices of...
Persistent link: https://www.econbiz.de/10012473449
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Sizing up Market Failures in Export Pioneering Activities
Wei, Shang-Jin - 2017
We argue that existence of public good does not necessarily imply market failure, and illustrate this point in the context of international trade. An influential hypothesis states that export pioneers are too few relative to social optimum because the first exporter's action creates an...
Persistent link: https://www.econbiz.de/10012453821
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International Differences in the Adoption and Impact of New Information Technologies and New HR Practices : The Valve-Making Industry in the U.S. and U.K
Bartel, Ann - 2007
This paper compares the impact of new IT-enhanced technology on the efficiency of production in the U.S. and the U.K. for one manufacturing industry, valve manufacturing. There is a long-standing question of whether technological change and organizational changes have the same rates of adoption...
Persistent link: https://www.econbiz.de/10012464988
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The Complementary Role of Exports and R&D Investments as Sources of Productivity Growth
Aw, Bee Yan - 2005
This paper examines two potential channels of knowledge acquisition that underlie firm productivity growth in the Taiwanese electronics industry: participation in the export market and investments in R&D and/or worker training. We focus on the argument that a firm's own investments in R&D are...
Persistent link: https://www.econbiz.de/10012466897
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Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
Alvarez, Fernando - 2000
This paper analyzes the effects of money injections on interest rates and exchange rates in a model in which agents must pay a Baumol-Tobin style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this fixed cost leads agents to trade bonds and money only...
Persistent link: https://www.econbiz.de/10012470866
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Violating the Law of One Price : Should We Make a Federal Case Out of It?
Engel, Charles - 1999
We use new disaggregated data on consumer prices to determine why there is variability in prices of similar goods across U.S. cities. We address questions similar to those that have arisen in the international context: is this variability purely a result of market segmentation or do sticky...
Persistent link: https://www.econbiz.de/10012471548