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Exploiting Complementarity in Applied General-Equilibrium Models : Heterogeneous Firms, Multinationals, Capacity Constraints, Endogenous Zeros

Markusen, James R. - National Bureau of Economic Research - 2024

Applied general-equilibrium (AGE) models have often made compromises to circumvent difficult modeling problems. One of these is avoiding endogenous zeros, ruling out important questions. Traditional perfect competition models: when do technologies or trade links switch from active to inactive or...

Persistent link: https://www.econbiz.de/10014635684

Preferences for Firearms and Their Implications for Regulation

Moshary, Sarah; Shapiro, Bradley; Drango, Sara - National Bureau of Economic Research - 2023

This paper estimates consumer demand for firearms with the aim of predicting the likely impacts of firearm regulations on the number and types of guns in circulation. We first conduct a stated-choice-based conjoint analysis and estimate an individual-level demand model for firearms. We validate...

Persistent link: https://www.econbiz.de/10014226131

Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data

Cong, Lin William; Mayer, Simon - National Bureau of Economic Research - 2023

We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation and antitrust policies. Data are jointly produced from users' economic activities and platforms' investments in data infrastructure....

Persistent link: https://www.econbiz.de/10013537775

Gaming and Effort in Performance Pay

Bertuzzi, Luca; Eliason, Paul J.; Heebsh, Benjamin; … - National Bureau of Economic Research - 2023

Health insurers often tie payments to providers' quality of care. Although payers do this to elicit more effort from providers, some providers may game the system by avoiding patients who would cause their quality scores to fall. We use annual variation in the criteria for Medicare's Quality...

Persistent link: https://www.econbiz.de/10014322741

Selling Subscriptions

Einav, Liran; Klopack, Benjamin; Mahoney, Neale - National Bureau of Economic Research - 2023

Retailers are increasingly selling goods and services via subscriptions instead of spot markets. In this paper, we study one benefit to the retailer of selling subscriptions: the possibility that - presumably because of inattention or inertia - consumers continue to pay for subscriptions after...

Persistent link: https://www.econbiz.de/10014337781

The Secular Decline of Bank Balance Sheet Lending

Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2024

The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make informationally sensitive loans to borrowers, has seen a dramatic decline since 1970s. Instead, private credit is increasingly intermediated through arms-length transactions, such...

Persistent link: https://www.econbiz.de/10014486266

Monetary Tightening, Commercial Real Estate Distress, and US Bank Fragility

Jiang, Erica Xuewei; Matvos, Gregor; Piskorski, Tomasz; … - National Bureau of Economic Research - 2023

Building on the work of Jiang et al. (2023) we develop a framework to analyze the effects of credit risk on the solvency of U.S. banks in the rising interest rate environment. We focus on commercial real estate (CRE) loans that account for about quarter of assets for an average bank and about...

Persistent link: https://www.econbiz.de/10014447291

Amazon Self-preferencing in the Shadow of the Digital Markets Act

Waldfogel, Joel - National Bureau of Economic Research - 2024

Regulators around the world are discussing, or taking action to limit, self-preferencing by large platforms. This paper explores Amazon's search rankings of its own products as the European Union's Digital Markets Act (DMA) was coming into effect. Using data on over 8 million Amazon search...

Persistent link: https://www.econbiz.de/10014528339

Measuring the Costs and Benefits of Regulation

Bombardini, Matilde; Trebbi, Francesco; Zhang, Miao Ben - National Bureau of Economic Research - 2024

This article discusses recent methodological innovations in the area of cost and benefit assessment of government regulation, in both a prospective and retrospective sense. Much of the extant progress is presented on the front of private costs of compliance. Private benefits, social costs, and...

Persistent link: https://www.econbiz.de/10015072896

Accounting for the Evolution of China's Production and Trade Patterns

Huang, Hanwei; Ju, Jiandong; Yue, Vivian Z. - National Bureau of Economic Research - 2024

economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity … the mid-2000s and fell until the 2020s, while the world's exposure to Chinese exports rose continuously …

Persistent link: https://www.econbiz.de/10014544694

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