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Data, Privacy Laws and Firm Production : Evidence from the GDPR
Demirer, Mert; Jiménez Hernández, Diego; Li, Dean; … - National Bureau of Economic Research - 2024
firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU … difference-in-difference estimates indicate that, in response to the GDPR, EU firms decreased data storage by 26% and data … industry-level exposure to data, however, drives significant heterogeneity in our estimates of the impact of the GDPR on …
Persistent link: https://www.econbiz.de/10014486237
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How Do Supply Shocks to Inflation Generalize? Evidence from the Pandemic Era in Europe
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2023
We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation through a cost-push channel and raised inflation...
Persistent link: https://www.econbiz.de/10014421216
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Bargaining and International Reference Pricing in the Pharmaceutical Industry
Dubois, Pierre; Gandhi, Ashvin; Vasserman, Shoshana - National Bureau of Economic Research - 2022
The United States spends twice as much per person on pharmaceuticals as European countries, in large part because prices are much higher in the US. This fact has led policymakers to consider legislation for price controls. This paper assesses the effects of a US international reference pricing...
Persistent link: https://www.econbiz.de/10013210081
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A Computable Dynamic Oligopoly Model of Capacity Investment
Gowrisankaran, Gautam; Schmidt-Dengler, Philipp - National Bureau of Economic Research - 2024
This paper analyzes dynamic oligopoly models where investment is the principal strategic variable of interest, there are a large number of investment choices, and there are privately observed shocks to the marginal cost of investment. We show that simulation methods to compute these models can...
Persistent link: https://www.econbiz.de/10014544678
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Non-Constant Demand Elasticities, Firm Dynamics and Monetary Non-Neutrality : Role of Demand Shocks
Aruoba, S. Borağan; Oue, Eugene; Saffie, Felipe; … - National Bureau of Economic Research - 2024
We develop a simple menu-cost model with non-constant elasticity of demand that features idiosyncratic productivity and demand shocks. The model is calibrated to match firm-level productivity and demand processes estimated from U.S. data. Despite its simplicity, the calibrated model delivers...
Persistent link: https://www.econbiz.de/10014544795
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Is Software Eating the World?
Aum, Sangmin; Shin, Yongseok - National Bureau of Economic Research - 2024
When explaining the declining labor income share in advanced economies, the macro literature finds that the elasticity of substitution between capital and labor is greater than one. However, the vast majority of micro-level estimates shows that capital and labor are complements (elasticity less...
Persistent link: https://www.econbiz.de/10014576620
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How the Internet Changed the Market for Print Media
Bhuller, Manudeep; Havnes, Tarjei; McCauley, Jeremy; … - National Bureau of Economic Research - 2023
Combining comprehensive data from the Norwegian media market on newspaper circulation, readership, revenues, factor inputs, and product characteristics with plausibly exogenous variation in the availability and adoption of broadband internet, this paper provides causal evidence on how the...
Persistent link: https://www.econbiz.de/10014226136
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Dynamic Pricing Regulation and Welfare in Insurance Markets
Aizawa, Naoki; Ko, Ami - National Bureau of Economic Research - 2023
While the traditional role of insurers is to provide protection against idiosyncratic risks of individuals, insurers themselves face substantial uncertainties due to aggregate shocks. To prevent insurers from passing through aggregate risks to consumers, governments have increasingly adopted...
Persistent link: https://www.econbiz.de/10014226149
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Local and National Concentration Trends in Jobs and Sales : The Role of Structural Transformation
Autor, David H.; Patterson, Christina; Van Reenen, John - National Bureau of Economic Research - 2023
National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population data from the Economic Censuses, we confirm and extend existing evidence on national...
Persistent link: https://www.econbiz.de/10014250148
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Oligopsony Power and Factor-Biased Technology Adoption
Rubens, Michael - National Bureau of Economic Research - 2022
I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...
Persistent link: https://www.econbiz.de/10013435148