Showing 1 - 10 of 452
An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that … time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of … uncertainty. Unsynchronised deliveries can disrupt production, and delivery time can force producers to order components before …
Persistent link: https://www.econbiz.de/10012468289
. We use US imports data that provide rich variation in the premium paid for air shipping and in time lags for ocean … transit to identify these parameters and extract consumer's valuation of time. By exploiting variation across US entry coasts …. We estimate that each day in transit is equivalent to an ad-valorem tariff of 0.6 to 2.3 percent and that the most time …
Persistent link: https://www.econbiz.de/10012460901
, distress, payout policy, profitability, and industry. We consider interpretations of these results based on both time … exploit time-varying characteristic mispricing …
Persistent link: https://www.econbiz.de/10012462703
identify three factors -- the amount of daylight, the timing of television programming, and differences in time zones -- that … can alter timing. Using the American Time Use Survey for 2003 and 2004, we first show that an exogenous shock to time in … one area due to non-adherence to daylight-saving time leads its residents to alter their work schedules to continue …
Persistent link: https://www.econbiz.de/10012466315
We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...
Persistent link: https://www.econbiz.de/10012465455
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
We study response behavior of New York City parking-ticket recipients by analyzing administrative data on 6.6 million tickets issued to 2 million individuals over two years. Exploiting variation (from a policy change and a field experiment) in letters sent to recipients, we find that forgetting...
Persistent link: https://www.econbiz.de/10012455668
We study the location and timing of annual shareholder meetings. When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the meeting. Companies...
Persistent link: https://www.econbiz.de/10012458673
We develop an estimator and tests of a discrete time mixed proportional hazard (MPH) model of duration with unobserved …
Persistent link: https://www.econbiz.de/10012599402
Barber and Odean study the relationship between trading activity and returns. They find that households who trade more have a lower net return than other households. They argue that these results cannot emerge from a model with rational traders and instead attribute these findings to...
Persistent link: https://www.econbiz.de/10012479787