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becoming increasingly important. The adoption of analytics and DDD has been slower in small-to-medium enterprises (SMEs …, and that access to SH increases e-retailers' revenues by 3.6% on average, as more items are transacted and service quality … increases, without increases in average prices. Our results suggest that analytics and DDD help SMEs establish a competitive …
Persistent link: https://www.econbiz.de/10014248007
With count-valued outcomes y in {0,1,...,M} identification and estimation of average treatment effects raise no special considerations beyond those involved in the continuous-outcome case. If partial identification of the distribution of treatment effects is of interest, however, count-valued...
Persistent link: https://www.econbiz.de/10014247925
The standard Berry, Levinsohn, and Pakes (1995) (BLP) approach to estimation of demand and supply parameters assumes that the product characteristic observed by consumers and producers but not the researcher is conditionally mean independent of observed characteristics. We extend BLP to allow...
Persistent link: https://www.econbiz.de/10013477270
This paper develops a partial-identification methodology for analyzing self-selection into alternative compensation schemes in a laboratory environment. We formulate a model of self-selection in which individuals select the compensation scheme with the largest expected valuation, which depends...
Persistent link: https://www.econbiz.de/10014447251
China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in domestic markets and foreign opportunities for US firms. In the aggregate, the average annual profitability of US public firms during the post globalization period (2003-2019)...
Persistent link: https://www.econbiz.de/10014512056
We examine the repercussions of protectionist policies implemented in the United States since 2018 on the composition of workforce and career choices within the semiconductor industry. We find that the shift towards protectionism, aimed at reviving domestic manufacturing and employment,...
Persistent link: https://www.econbiz.de/10014544744
Over the past decade, an increasing number of firms have delegated pricing decisions to algorithms in consumer markets such as travel, entertainment, and retail; business markets such as digital advertising; and platform markets such as ride-sharing. This trend, driven primarily by the increased...
Persistent link: https://www.econbiz.de/10014576568
The North Dakota Railroad War of 1905, which pitted a potential entrant (the Soo Line) against an established monopolist incumbent (the Great Northern Railway), offers a lucid empirical example of strategic behavior, and in particular the potential for entry deterrence through product...
Persistent link: https://www.econbiz.de/10014576577
Medical provider price transparency is often touted as a way to lower health care spending. But the impact of price transparency is theoretically ambiguous: it could lower health care spending via increased consumer price shopping or improved insurer bargaining but could also raise health care...
Persistent link: https://www.econbiz.de/10014576609
, Levinsohn and Pakes (1995) to obtain a measure of the demand shock (quality). We estimate the relationship between product … (process) R&D and quality (efficiency), and find strong evidence that process innovation is related to higher efficiency, while … product innovation is associated with higher product quality. We discuss the welfare implications of these two distinct …
Persistent link: https://www.econbiz.de/10014226147