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Bid Takers or Market Makers? The Effect of Auctioneers on Auction Outcomes
Lacetera, Nicola - 2013
. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction … explore the importance of auction process by testing whether auctioneers can have a systematic difference on auction outcomes …
Persistent link: https://www.econbiz.de/10012458932
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How Do Business Owners Respond to a Tax Cut? Examining the 199A Deduction for Pass-through Firms
Goodman, Lucas; Lim, Katherine; Sacerdote, Bruce; … - National Bureau of Economic Research - 2021
implemented in 2018 that reduced the effective tax rate on pass-through business income. We study the deduction using several … business income likely to be eligible for the deduction, either in the time series or among firms with greater exposure to the … find that partnerships (one type of pass-through business) reduce compensation paid to owners, in line with the incentives …
Persistent link: https://www.econbiz.de/10012510558
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What Do You Think About Climate Finance?
Stroebel, Johannes; Wurgler, Jeffrey - National Bureau of Economic Research - 2021
We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next...
Persistent link: https://www.econbiz.de/10012616584
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The Macroeconomic Expectations of Firms
Candia, Bernardo; Coibion, Olivier; Gorodnichenko, Yuriy - National Bureau of Economic Research - 2022
Using surveys of firms around the world, we review existing evidence on how firms form their macroeconomic expectations. Several facts stand out. First, the mean inflation forecasts of firms often deviate significantly from those of professional forecasters and households. Second, disagreement...
Persistent link: https://www.econbiz.de/10013210070
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Transferable Skills? Founders as Venture Capitalists
Gompers, Paul A.; Mukharlyamov, Vladimir - National Bureau of Economic Research - 2022
In this paper we explore whether or not the experience as a founder of a venture capital-backed startup influences the performance of founders who become venture capitalists (VCs). We find that nearly 7% of VCs were previously founders of a venture-backed startup. Having a successful exit and...
Persistent link: https://www.econbiz.de/10013191001
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Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment
Bernstein, Shai; Mehta, Kunal; Townsend, Richard R.; … - National Bureau of Economic Research - 2022
We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives...
Persistent link: https://www.econbiz.de/10013172146
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Cheap Talk Messages for Market Design : Theory and Evidence from a Labor Market with Directed Search
Horton, John J.; Johari, Ramesh; Kircher, Philipp - National Bureau of Economic Research - 2021
In a model with cheap talk, employers can send messages about their willingness to pay for higher ability workers, which job-seekers can use to direct their search and tailor their wage bid. Introducing such messages leads--under certain conditions--to an informative separating equilibrium which...
Persistent link: https://www.econbiz.de/10012696354
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Support for Paid Family Leave among Small Employers Increases during the COVID-19 Pandemic
Bartel, Ann; Rossin-Slater, Maya; Ruhm, Christopher J.; … - National Bureau of Economic Research - 2021
PFL legislation are often met with opposition from employer organizations, who fear disruptions to business, especially …
Persistent link: https://www.econbiz.de/10012696395
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Immigrant Entrepreneurs and Innovation in the U.S. High-Tech Sector
Brown, J. David - 2019
well as for recent start-ups and for every level of the entrepreneur's education. The size of the estimated immigrant …-native differences in product and process innovation activities rises with detailed controls for demographic and human capital …
Persistent link: https://www.econbiz.de/10012479519
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Does Mandating Social Insurance Affect Entrepreneurial Activity?
Benzarti, Youssef - 2019
contributions, which they channel instead into their firms. While young firms use this windfall to increase business activity, older …
Persistent link: https://www.econbiz.de/10012479602