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Adoption of Technologies With Network Effects : An Empirical Examination of the Adoption of Automated Teller Machines
Saloner, Garth - 1992
The literature on networks suggests that the value of a network is positively affected by the number of geographically dispersed locations it serves (the "network effect") and the number of its users (the "production scale effect"). We show that as a result a firm's expected time until adoption...
Persistent link: https://www.econbiz.de/10012474931
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Bequests as a Means of Payment
Bernheim, B. Douglas - 1984
Although recent research suggests that intergenerational transfers play an important role in aggregate capital accumulation, our understanding of bequest motives remains incomplete. We develop a simple model of"exchange-motivated" bequests, in which a testator influences the decisions ofhis...
Persistent link: https://www.econbiz.de/10012477792
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Consumer Surplus of Alternative Payment Methods : Paying Uber with Cash
Alvarez, Fernando E. - 2020
We estimate the private benefits for Uber riders from using alternative payment methods. We focus on Mexico where riders have the option to use cash or credit cards to pay for rides. We use three field experiments involving approximately 400,000 riders to estimate the loss of private benefits...
Persistent link: https://www.econbiz.de/10012482355
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Poultry in Motion : A Study of International Trade Finance Practices
Antràs, Pol - 2011
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10012461566
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Endogenous Pricing to Market and Financing Costs
Aizenman, Joshua - 2000
costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of … in countries characterized by low terms of trade volatility and low financing costs. In these circumstances, imports are … pre-bought, and the spot market for imports is inactive. In countries where the financing costs and the terms of trade …
Persistent link: https://www.econbiz.de/10012470823
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The Supply of Quality in Child Care Centers
Blau, David M. - 1999
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child care service provided, and between revenue and quality. We use a measure of child care quality derived from an instrument designed by developmental psychologists. This measure of...
Persistent link: https://www.econbiz.de/10012471564
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Expandability, Reversibility, and Optimal Capacity Choice
Dixit, Avinash K. - 1998
's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or …
Persistent link: https://www.econbiz.de/10012472445
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Investments of Uncertain Cost
Pindyck, Robert S. - 1992
I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort, and materials that will ultimately be required to...
Persistent link: https://www.econbiz.de/10012474793
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The Pension Cost of Changing Jobs
Allen, Steven G. - 1989
Workers covered by defined benefit pension plans receive lower benefits at retirement if they leave their current job before reaching retirement age. This study estimates the magnitude of this pension loss for workers in the May 1983 supplement of the Current Population Survey, using pension...
Persistent link: https://www.econbiz.de/10012476118
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Citizen Rights and the Cost of Law Enforcement
Reder, Melvin - 1973
costs and quantities. Unfortunately, neither in ordinary language nor in the jargon of moral philosophy can such ultimate … desiderata as liberty and justice be related to costs or quantities. Hence in the first section we sketch a model of social …
Persistent link: https://www.econbiz.de/10012479113