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Smiles in Profiles : Improving Fairness and Efficiency Using Estimates of User Preferences in Online Marketplaces
Athey, Susan; Karlan, Dean; Palikot, Emil; Yuan, Yuan - National Bureau of Economic Research - 2022
Online platforms often face challenges being both fair (i.e., non-discriminatory) and efficient (i.e., maximizing revenue). Using computer vision algorithms and observational data from a microlending marketplace, we find that choices made by borrowers creating online profiles impact both of...
Persistent link: https://www.econbiz.de/10013462682
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You Can Lead a Horse to Water : Spatial Learning and Path Dependence in Consumer Search
Hodgson, Charles; Lewis, Gregory - National Bureau of Economic Research - 2023
We develop and estimate a model of consumer search with spatial learning. Consumers make inferences from previously searched objects to unsearched objects that are nearby in attribute space, generating path dependence in search sequences. The estimated model rationalizes patterns in data on...
Persistent link: https://www.econbiz.de/10014372454
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Bottlenecks : Sectoral Imbalances and the US Productivity Slowdown
Acemoglu, Daron; Autor, David H.; Patterson, Christina - National Bureau of Economic Research - 2023
productivity growth has been disappointing since the 1970s. We propose and empirically explore the hypothesis that slow growth …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is … productivity gains. Using data on input-output linkages, citation linkages, industry productivity growth and patenting, we find …
Persistent link: https://www.econbiz.de/10014322814
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Revisiting the Eswaran-Kotwal Model of Tenancy
Ghatak, Maitreesh; Mookherjee, Dilip - National Bureau of Economic Research - 2023
Persistence of sharecropping tenancy and increases in farm productivity following regulations protecting tenant rights … model always results in (incentive constrained) surplus-maximizing productivity, so there can be no scope for tenancy … regulations to raise productivity. In the incomplete contract model, tenancy regulations would raise productivity only if the …
Persistent link: https://www.econbiz.de/10014447253
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Economies of Density and Congestion in the Sharing Economy
Caunedo, Julieta; Kala, Namrata; Zhang, Haimeng - National Bureau of Economic Research - 2022
The sharing economy for a wide range of goods and services is expanding across the world. To direct the benefits from sharing capital services towards small-scale producers, governments in the developing world are increasingly intervening in fast-growing mechanization rental markets. However,...
Persistent link: https://www.econbiz.de/10013477281
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Information Acquisition and Rating Agencies
Cole, Harold L.; Cooley, Thomas F. - National Bureau of Economic Research - 2023
For decades credit rating agencies were viewed as trusted arbiters of creditworthiness and their ratings as important tools for managing risk. The common narrative is that the value of ratings was compromised by the evolution of the industry to a form where issuers pay for ratings. In this paper...
Persistent link: https://www.econbiz.de/10014322691
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It Hurts To Ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George F. - National Bureau of Economic Research - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013388842
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Screening with Multitasking
Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10013334527
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Do Information Frictions and Corruption Perceptions Kill Competition? A Field Experiment On Public Procurement in Uganda
Colonnelli, Emanuele; Loiacono, Francesco; Muhumuza, Edwin - National Bureau of Economic Research - 2024
We study whether information frictions and corruption perceptions deter firms from doing business with the government. We conduct two nationwide randomized controlled trials (RCTs) in collaboration with the national public procurement supervisory and anti-corruption agency in Uganda. The first...
Persistent link: https://www.econbiz.de/10014486261
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Herd on the Street : Informational Inefficiencies in a Market with Short-Term Speculation
Froot, Kenneth A. - 1990
Standard models of informed speculation suggest that traders try to learn information that others do not have. This result implicitly relies on the assumption that speculators have long horizons, i.e, can hold the asset forever. By contrast, we show that if speculators have short horizons, they...
Persistent link: https://www.econbiz.de/10012475787