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Incorporating Micro Data into Differentiated Products Demand Estimation with PyBLP
Conlon, Christopher; Gortmaker, Jeff - National Bureau of Economic Research - 2023
We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...
Persistent link: https://www.econbiz.de/10014337838
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Managing Mental Accounts : Payment Cards and Consumption Expenditures
Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023
Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...
Persistent link: https://www.econbiz.de/10014337846
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Differences in How and Why Social Comparison and Real-Time Feedback Impact Resource Use : Evidence from a Field Experiment
Andor, Mark Andreas; Götte, Lorenz; Price, Michael Keith; … - National Bureau of Economic Research - 2023
We compare the behavior and welfare effects of two popular interventions for resource conservation. The first intervention is social comparison reports (SC), which primarily provide consumers with information motivating behavioral change. The second intervention is real-time feedback (RTF),...
Persistent link: https://www.econbiz.de/10014436976
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Price Discrimination and Mortgage Choice
Coen, Jamie; Kashyap, Anil K.; Rostom, May - National Bureau of Economic Research - 2023
-to-value and loan-to-income borrowers. Young people and first-time buyers are more prone to making expensive choices. The …
Persistent link: https://www.econbiz.de/10014372409
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Households' Response to the Wealth Effects of Inflation
Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
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Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency
La Nauze, Andrea; Myers, Erica - National Bureau of Economic Research - 2023
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers acquire information suboptimally; there is little...
Persistent link: https://www.econbiz.de/10014372499
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Understanding the Demand-Side of an Illegal Market : Prohibition of Menthol Cigarettes
Kenkel, Donald Scott; Mathios, Alan D.; Phillips, Grace N. - National Bureau of Economic Research - 2024
The Food and Drug Administration has proposed to prohibit menthol cigarettes, which are smoked by almost 19 million people in the U.S. Illegal markets for menthol cigarettes could not only blunt the prohibition's intended consequence to reduce smoking but could also lead to unintended...
Persistent link: https://www.econbiz.de/10014486239
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More Unequal We Stand? : Inequality Dynamics in the United States 1967-2021
Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - National Bureau of Economic Research - 2023
, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … expenditures has remained remarkably stable over time. Income pooling within the family and redistribution by the government have … downturn in fifty years in which inequality in disposable income and consumption actually declined …
Persistent link: https://www.econbiz.de/10014322873
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Girls' Night In? Effects of the Kenyan COVID-19 Lockdown on Web Browsing
Giardili, Soledad; Jain, Sanjay; Miller, Amalia R.; … - National Bureau of Economic Research - 2023
We present the first objective evidence on how COVID-19 lockdowns affected internet browser usage in Africa, using detailed digital trace data on PC-based and mobile-based browsing patterns of 316 Kenyans who had access to a PC, covering the period before and during Kenya's first national...
Persistent link: https://www.econbiz.de/10014447318
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Evolution of Risk Aversion over Five Years after a Major Natural Disaster
Ingwersen, Nicholas; Frankenberg, Elizabeth; Thomas, Duncan - National Bureau of Economic Research - 2023
pairs of hypothetical income streams. Those directly exposed to the tsunami made choices consistent with greater willingness …
Persistent link: https://www.econbiz.de/10014250120