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The Role of Repugnance in Markets : How the Jared Fogle Scandal Affected Patronage of Subway

Cawley, John H.; Eddelbuettel, Julia; Cunningham, Scott; … - National Bureau of Economic Research - 2023

Economics has long studied how consumers respond to the disclosure of information about firms. We study a case in which the disclosed information is unrelated to the product or firm leadership, but which could still potentially affect consumer patronage through the mechanism of repugnance, as...

Persistent link: https://www.econbiz.de/10014421207

Do Entrepreneurs Want Control? And Should They Get What They Want? A Historical and Theoretical Exploration

Lamoreaux, Naomi R.; Rosenthal, Jean-Laurent - National Bureau of Economic Research - 2023

From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...

Persistent link: https://www.econbiz.de/10014250124

Immigrant Entrepreneurship : New Estimates and a Research Agenda

Chodavadia, Saheel; Pekkala Kerr, Sari; Kerr, William R.; … - National Bureau of Economic Research - 2024

Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new … employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of …

Persistent link: https://www.econbiz.de/10014544679

Partisan Entrepreneurship

Engelberg, Joseph; Guzman, Jorge; Lu, Runjing; Mullins, … - National Bureau of Economic Research - 2022

, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time …-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic … entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically …

Persistent link: https://www.econbiz.de/10013334466

Macro-Economic Equilibrium and Credit Rationing

Stiglitz, Joseph E. - 1987

In this paper we investigate the macro-economic equilibria of an economy in which credit contracts have both adverse selection and incentive effects. The terms of credit contracts include both an interest rate and a collateral requirement. We show that in this richer model all types of borrowers...

Persistent link: https://www.econbiz.de/10012476905

Imperfect Information, Credit Markets and Unemployment

Greenwald, Bruce C. - 1986

This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms and perfectly flexible prices and wages, give rise to cyclical variations in unemployment whose character closely resembles that of observed business cycles

Persistent link: https://www.econbiz.de/10012476976

Price Flexibility, Credit Rationing, and Economic Fluctuations : Evidence from the U.S., 1879-1914

Calomiris, Charles W. - 1985

The reawakening of interest in links between price flexibility and fluctuations in economic activity calls for a reconsideration of models of price and quantity adjustment. We examine relationships between credit disturbances and real activity under flexible prices, using monthly data on real...

Persistent link: https://www.econbiz.de/10012477312

Credit Rationing and Effective Supply Failures

Blinder, Alan S. - 1985

This paper presents two macro models in which central bank policy has real effects on the supply side of the economy due to credit rationing. In each model, there are two possible regimes, depending on whether credit is or is not rationed. Starting from an unrationed equilibrium, either a large...

Persistent link: https://www.econbiz.de/10012477462

Money, Credit Constraints, and Economic Activity

Blinder, Alan S. - 1983

When government expenditures exceed current tax revenues, the resulting deficit must be financed either by issuing bonds, which imply obligations to levy future taxes, or by creating high-powered money. The choice between money and bonds is often thought to be of great moment for both real and...

Persistent link: https://www.econbiz.de/10012478018

Credit Rationing and Pass-Through in Supply Chains : Theory and Evidence from Bangladesh

Emran, M. Shahe - 2020

We extend standard models of price pass-through in an imperfectly competitive supply chain to incorporate rationing of trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through to wholesale prices, and effects of regulations of...

Persistent link: https://www.econbiz.de/10012479139

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